--- title: "BP's (BP) Underweight Rating Reaffirmed at JPMorgan Chase & Co." description: "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 " type: "news" locale: "en" url: "https://longbridge.com/en/news/210340992.md" published_at: "2024-07-31T12:48:51.000Z" --- # BP's (BP) Underweight Rating Reaffirmed at JPMorgan Chase & Co. > 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. BP (LON:BP - Get Free Report)'s stock had its "underweight" rating restated by JPMorgan Chase & 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 & Co.'s price objective points to a potential upside of 21.78% from the stock's current price. BP has been the subject of a number of other reports. Bank of America reiterated a "neutral" 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 "overweight" rating on shares of BP in a research note on Tuesday, May 14th. Berenberg Bank reiterated a "hold" 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 "outperform" 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 "overweight" 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 "Hold" and a consensus price target of GBX 632.14 ($8.13). **Get Our Latest Stock Analysis on BP** ## BP Trading Down 0.3 % 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. ## Insider Buying and Selling 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. ## About BP (Get Free Report) 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. ## Featured Articles - Five stocks we like better than BP - Election Stocks: How Elections Affect the Stock Market - Invest Like Congress: 2 ETFs to Add to Your Watchlist - Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? - AI Boom or Bubble? Strategies for Success in a Volatile Sector - Short Selling: How to Short a Stock - Oilfield Infrastructure Stock Soars Over 50% on Bold Acquisition *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. Please send any questions or comments about this story to contact@marketbeat.com.* → Apple + AI = BOOM (From Banyan Hill Publishing) (Ad)## Should you invest $1,000 in BP right now? Before you consider BP, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BP wasn't on the list. While BP currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [BP.US - BP PLC-Spons](https://longbridge.com/en/quote/BP.US.md) - [BP.UK - BP p.l.c.](https://longbridge.com/en/quote/BP.UK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | AlphaValue/Baader Europe 下調了 BP 的每股收益預期，原因是預計油價和煉油利潤率將下降 | AlphaValue/Baader 歐洲下調 BP 每股收益預期，因預計油價和煉油利潤將下降 | [Link](https://longbridge.com/en/news/276310707.md) | | Aker BP 與 Aker Solutions 建立了下一代 MMO 聯盟 | Aker BP 與 Aker Solutions 簽署了一項長期協議，提供挪威大陸架上的維護、改造和運營（MMO）服務。該五年合同將於 2026 年 3 月 1 日開始，包含兩個額外四年期的選擇權。Aker BP 首席執行官 Karl Jo | [Link](https://longbridge.com/en/news/276064713.md) | | 消息人士稱，特立尼達的 Atlantic LNG 公司因緊急維修而關閉了其 Train 3 工廠 | 特立尼達的亞特蘭大液化天然氣公司因火炬系統出現裂縫而緊急關閉了其第三號生產線，可能導致產量減少 25%。維修預計將持續一個月。持有該設施 45% 股份的 BP 和 Shell 尚未對此情況發表評論。此外，第四號生產線的維護計劃在 5 月至 | [Link](https://longbridge.com/en/news/275941461.md) | | 據《金融時報》報道，意大利的埃尼公司計劃重返石油和天然氣交易市場 | 意大利能源巨頭埃尼正在考慮重新進入石油和天然氣交易，因為它希望獲得 BP、殼牌和道達爾所享有的超額回報，正如地緣政治緊張局勢推動能源價格波動一樣，《金融時報》週三報道。埃尼首席執行官克勞迪奧·德斯卡爾齊對《金融時報》表示：“我在 2019 | [Link](https://longbridge.com/en/news/276198470.md) | | BP 表示，BP 惠廷煉油廠仍在與工會進行誠意談判 | BP 表示，BP Whiting 煉油廠仍在與工會進行善意談判 | [Link](https://longbridge.com/en/news/275987200.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.