BP (LON:BP) Receives “Buy” Rating from UBS Group
UBS Group reiterated their buy rating on shares of BP (LON:BP) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.
BP has been the subject of several other research reports. Royal Bank of Canada set a GBX 550 ($7.23) price objective on shares of BP and gave the company a buy rating in a research report on Wednesday. Sanford C. Bernstein set a GBX 710 ($9.34) price target on shares of BP and gave the stock a buy rating in a research report on Tuesday, October 29th. Kepler Capital Markets lowered their price target on shares of BP from GBX 650 ($8.55) to GBX 610 ($8.02) and set a buy rating for the company in a research report on Friday, January 24th. Goldman Sachs Group set a GBX 750 ($9.87) price target on shares of BP and gave the stock a buy rating in a research report on Tuesday, February 4th. Finally, Citigroup reiterated a buy rating on shares of BP in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. BP has a consensus rating of Buy and an average target price of GBX 601.47 ($7.91).
BP traded down GBX 3.10 ($0.04) during midday trading on Thursday, hitting GBX 456.85 ($6.01). The company had a trading volume of 23,380,830 shares, compared to its average volume of 35,510,000. The company has a debt-to-equity ratio of 76.90, a quick ratio of 0.66 and a current ratio of 1.12. The company has a market capitalization of $93.73 billion and a PE ratio of 23.19. BP has a twelve month low of GBX 4.69 ($0.06) and a twelve month high of GBX 583.40 ($7.67). The firm’s 50-day simple moving average is GBX 482.31 and its 200-day simple moving average is GBX 495.57.
In other news, insider Brian Gilvary acquired 65 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average price of GBX 492 ($6.47) per share, for a total transaction of £319.80 ($420.68).
BP Company Profile
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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