BP’s (BP) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of BP (LON:BP) in a report issued on Wednesday, Marketbeat reports. The firm currently has a GBX 520 price objective on the oil and gas exploration company’s stock.

Several other research firms have also commented on BP. Barclays reiterated a “buy” rating on shares of BP in a research note on Tuesday, May 26th. UBS Group reaffirmed a “buy” rating on shares of BP in a report on Tuesday, June 16th. Berenberg Bank increased their price target on BP from GBX 590 to GBX 600 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 700 price target on shares of BP in a report on Wednesday. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of BP in a research report on Wednesday, July 1st. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 579.

BP Price Performance

Shares of LON:BP opened at GBX 517.20 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.62 and a debt-to-equity ratio of 124.41. The stock’s fifty day simple moving average is GBX 513.42 and its two-hundred day simple moving average is GBX 519.70. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30. The stock has a market cap of £100.66 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06.

BP Company Profile

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.