BP (LON:BP) Earns “Buy” Rating from UBS Group
UBS Group reissued their buy rating on shares of BP (LON:BP) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also weighed in on BP. Royal Bank of Canada reaffirmed an underperform rating on shares of BP in a research report on Thursday, June 25th. Credit Suisse Group set a GBX 350 ($4.31) target price on BP and gave the company a neutral rating in a research report on Monday, June 22nd. Berenberg Bank reaffirmed a hold rating on shares of BP in a research report on Wednesday, May 13th. Deutsche Bank reissued a hold rating and issued a GBX 300 ($3.69) price target on shares of BP in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. reaffirmed a buy rating and set a GBX 425 ($5.23) target price on shares of BP in a research report on Friday, May 15th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 392.50 ($4.83).
Shares of LON BP opened at GBX 307.20 ($3.78) on Tuesday. The company has a quick ratio of 0.58, a current ratio of 1.01 and a debt-to-equity ratio of 86.75. The business has a fifty day simple moving average of GBX 318.83 and a two-hundred day simple moving average of GBX 381.32. The firm has a market cap of $62.24 billion and a PE ratio of -19.08. BP has a twelve month low of GBX 4.69 ($0.06) and a twelve month high of GBX 563 ($6.93).
In related news, insider Bernard Looney bought 88 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was purchased at an average cost of GBX 353 ($4.34) per share, for a total transaction of £310.64 ($382.28). Over the last quarter, insiders purchased 281 shares of company stock valued at $93,912.
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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