BP (LON:BP) Stock Price Crosses Below 200 Day Moving Average of $393.98

BP p.l.c. (LON:BPGet Rating)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 393.98 ($4.83) and traded as low as GBX 386.08 ($4.73). BP shares last traded at GBX 400 ($4.90), with a volume of 43,033,179 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 540 ($6.62) price target (up from GBX 490 ($6.00)) on shares of BP in a research note on Wednesday, May 11th. Barclays reaffirmed an “overweight” rating and set a GBX 700 ($8.58) price target on shares of BP in a research note on Tuesday, July 5th. Berenberg Bank upped their price target on BP from GBX 500 ($6.13) to GBX 510 ($6.25) and gave the stock a “buy” rating in a research note on Friday, June 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 450 ($5.51) price target on shares of BP in a research note on Thursday, May 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on BP from GBX 450 ($5.51) to GBX 472 ($5.78) and gave the stock a “buy” rating in a research note on Wednesday, July 6th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, BP has an average rating of “Moderate Buy” and an average target price of GBX 511 ($6.26).

BP Trading Down 1.9 %

The stock has a market capitalization of £74.74 billion and a PE ratio of -5.59. The firm has a 50 day moving average price of GBX 403.37 and a 200 day moving average price of GBX 393.98. The company has a quick ratio of 0.70, a current ratio of 1.19 and a debt-to-equity ratio of 87.97.

Insider Transactions at BP

In other BP news, insider Bernard Looney purchased 77 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was bought at an average cost of GBX 405 ($4.96) per share, with a total value of £311.85 ($382.12). In other BP news, insider Bernard Looney purchased 77 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was bought at an average cost of GBX 405 ($4.96) per share, with a total value of £311.85 ($382.12). Also, insider Murray Auchincloss purchased 82 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The shares were acquired at an average cost of GBX 448 ($5.49) per share, with a total value of £367.36 ($450.14). Insiders purchased a total of 257 shares of company stock valued at $105,847 over the last ninety days.

BP Company Profile

(Get Rating)

BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen and carbon capture and storage.

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