BP p.l.c. (BP) Receives a Hold from J.P. Morgan

J.P. Morgan analyst Matthew Lofting maintained a Hold rating on BP p.l.c. today and set a price target of £6.00.

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According to TipRanks, Lofting is an analyst with an average return of -0.3% and a 50.00% success rate.

In addition to J.P. Morgan, BP p.l.c. also received a Hold from Jefferies’s Mark Wilson in a report issued on April 2. However, on the same day, Berenberg Bank maintained a Buy rating on BP p.l.c. (LSE: BP).

Based on BP p.l.c.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p47.38 billion and a GAAP net loss of p3.42 billion. In comparison, last year the company earned a revenue of p44.66 billion and had a GAAP net loss of p1.91 billion

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BP in relation to earlier this year.