BP’s (BP) Neutral Rating Reiterated at Bank of America

BP (LON:BP)‘s stock had its “neutral” rating restated by Bank of America in a report released on Monday, MarketBeat.com reports. They currently have a GBX 500 ($6.18) price objective on the oil and gas exploration company’s stock. Bank of America‘s price target would suggest a potential downside of 4.42% from the company’s current price.

Several other research analysts have also commented on BP. Barclays restated an “overweight” rating and set a GBX 1,000 ($12.35) price target on shares of BP in a research report on Monday, April 8th. Berenberg Bank lowered their price target on BP from GBX 525 ($6.48) to GBX 510 ($6.30) and set a “hold” rating for the company in a research report on Thursday, February 22nd. AlphaValue lowered BP to a “reduce” rating in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of BP in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, BP has an average rating of “Hold” and a consensus target price of GBX 617.89 ($7.63).

BP Trading Up 0.1 %

Shares of BP stock opened at GBX 523.10 ($6.46) on Monday. The firm has a market capitalization of £88.14 billion, a price-to-earnings ratio of 768.38, a PEG ratio of 0.35 and a beta of 0.55. BP has a fifty-two week low of GBX 441.05 ($5.45) and a fifty-two week high of GBX 562.30 ($6.95). The company has a debt-to-equity ratio of 73.78, a quick ratio of 0.62 and a current ratio of 1.21. The stock has a 50 day moving average of GBX 491.40 and a 200 day moving average of GBX 484.78.

Insiders Place Their Bets

In related news, insider Murray Auchincloss purchased 72 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were purchased at an average price of GBX 517 ($6.39) per share, with a total value of £372.24 ($459.78). Over the last 90 days, insiders have bought 82 shares of company stock valued at $41,974. 0.28% of the stock is currently owned by insiders.

About BP

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.