BP (LON:BP) Given Hold Rating at Jefferies Financial Group

BP (LON:BP – Get Free Report)‘s stock had its “hold” rating reissued by research analysts at Jefferies Financial Group in a research report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 520 target price on the oil and gas exploration company’s stock. Jefferies Financial Group’s target price indicates a potential downside of 0.95% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. UBS Group reissued a “buy” rating on shares of BP in a research report on Tuesday, June 16th. Barclays restated a “buy” rating on shares of BP in a research report on Tuesday, May 26th. Berenberg Bank increased their target price on shares of BP from GBX 590 to GBX 600 and gave the stock a “buy” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. cut their target price on BP from GBX 600 to GBX 550 and set a “neutral” rating on the stock in a research note on Friday, July 3rd. Finally, DZ Bank reissued a “buy” rating on shares of BP in a research note on Tuesday, April 28th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 579.

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BP Trading Down 4.9%

Shares of LON BP traded down GBX 27.10 during mid-day trading on Wednesday, hitting GBX 525. The stock had a trading volume of 70,443,763 shares, compared to its average volume of 8,560,774. The company has a debt-to-equity ratio of 132.55, a quick ratio of 0.62 and a current ratio of 1.22. BP has a 1 year low of GBX 379.70 and a 1 year high of GBX 562.30. The business has a 50 day moving average price of GBX 513.40 and a two-hundred day moving average price of GBX 518.58. The firm has a market cap of £102.18 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06.

About BP

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BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business.

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