<div id="readability-page-1"><p><span>BP (LON:BP - Get Free Report)</span>'s stock had its &#34;underweight&#34; rating restated by JPMorgan Chase &amp; Co. in a report issued on Wednesday, Digital Look reports. They currently have a GBX 550 ($7.07) price target on the oil and gas exploration company's stock. JPMorgan Chase &amp; Co.'s price objective points to a potential upside of 21.78% from the stock's current price.</p><p>BP has been the subject of a number of other reports. Bank of America reiterated a &#34;neutral&#34; rating and issued a GBX 500 ($6.43) price target on shares of BP in a research note on Monday, April 22nd. Morgan Stanley reiterated an &#34;overweight&#34; rating on shares of BP in a research note on Tuesday, May 14th. Berenberg Bank reiterated a &#34;hold&#34; rating and issued a GBX 510 ($6.56) price target on shares of BP in a research note on Tuesday, July 9th. Royal Bank of Canada reissued an &#34;outperform&#34; rating and issued a GBX 650 ($8.36) price objective on shares of BP in a report on Tuesday, June 18th. Finally, Barclays reissued an &#34;overweight&#34; rating and issued a GBX 1,000 ($12.86) price objective on shares of BP in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, BP currently has a consensus rating of &#34;Hold&#34; and a consensus price target of GBX 632.14 ($8.13).</p><p><b>Get Our Latest Stock Analysis on BP</b></p><h2>BP Trading Down 0.3 %</h2><p>BP stock opened at GBX 451.65 ($5.81) on Wednesday. The stock has a 50-day moving average of GBX 468.43 and a two-hundred day moving average of GBX 480.99. The company has a debt-to-equity ratio of 75.43, a quick ratio of 0.62 and a current ratio of 1.23. BP has a one year low of GBX 441.05 ($5.67) and a one year high of GBX 562.30 ($7.23). The stock has a market cap of £75.52 billion, a PE ratio of 1,050.35, a price-to-earnings-growth ratio of 0.35 and a beta of 0.54. </p><h2>Insider Buying and Selling</h2><p>In related news, insider Hina Nagarajan bought 5,000 shares of the company's stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average cost of GBX 460 ($5.92) per share, with a total value of £23,000 ($29,585.80). Insiders have purchased a total of 5,017 shares of company stock valued at $2,308,031 over the last ninety days. Company insiders own 0.28% of the company's stock. </p><h2>About BP</h2> (Get Free Report)<p>BP p.l.c. provides carbon products and services. The company operates through Gas &amp; Low Carbon Energy, Oil Production &amp; Operations, and Customers &amp; 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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than BP</li><li>Election Stocks: How Elections Affect the Stock Market</li><li>Invest Like Congress: 2 ETFs to Add to Your Watchlist</li><li>Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?</li><li>AI Boom or Bubble? Strategies for Success in a Volatile Sector</li><li>Short Selling: How to Short a Stock</li><li>Oilfield Infrastructure Stock Soars Over 50% on Bold Acquisition</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PUxPTiZTeW1ib2w9QlA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PUxPTiZTeW1ib2w9QlA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>JPMorgan Chase & Co. has reaffirmed an "underweight" rating for BP and set a target price of GBX 550 ($7.07) on the stock. Other reports have also provided ratings and price targets for BP. The stock is currently trading at GBX 451.65 ($5.81). BP is a carbon products and services provider, operating in various segments including gas and low carbon energy, oil production and operations, and customers and products.</p>

BP's (BP) Underweight Rating Reaffirmed at JPMorgan Chase & Co.