BP’s (BP) Buy Rating Reaffirmed at The Goldman Sachs Group

The Goldman Sachs Group restated their buy rating on shares of BP (LON:BP) in a report released on Wednesday,MarketScreener reports.

Several other equities analysts have also recently weighed in on the company. Berenberg Bank reissued a “buy” rating and set a GBX 700 price objective on shares of BP in a research report on Wednesday. Morgan Stanley upgraded BP to an “overweight” rating in a research note on Wednesday, March 25th. UBS Group restated a “buy” rating on shares of BP in a research note on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 700 price target on shares of BP in a research note on Wednesday. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 650 price target on shares of BP in a research note on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, BP has an average rating of “Moderate Buy” and an average price target of GBX 635.

BP Price Performance

LON BP opened at GBX 575.90 on Wednesday. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The company has a debt-to-equity ratio of 132.55, a quick ratio of 0.62 and a current ratio of 1.22. The stock has a market capitalization of £112.09 billion, a PE ratio of 43.02, a P/E/G ratio of 0.35 and a beta of 0.06. The stock has a 50-day simple moving average of GBX 542.75 and a 200 day simple moving average of GBX 478.62.

Insider Transactions at BP

In other news, insider Carol Howle purchased 65 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were purchased at an average cost of GBX 478 per share, for a total transaction of £310.70. Insiders bought 142 shares of company stock worth $70,530 in the last 90 days. Insiders own 0.26% of the company’s stock.

BP News Summary

Here are the key news stories impacting BP this week:

• Positive Sentiment: Q1 results materially beat expectations as trading profits surged amid higher oil prices linked to the Iran war — analysts cite a significant boost to earnings and cash generation. BP profits double as Iran war triggers oil trading boom
• Positive Sentiment: RBC commentary singled out the new CEO’s clear priorities after the Q1 beat, which bolsters investor confidence in near-term execution. BP rises after easy Q1 beat; RBC analyst lauds priorities
• Positive Sentiment: Several brokers reaffirmed “buy” ratings (Goldman Sachs, UBS, Berenberg, DZ Bank), reinforcing upside sentiment and supporting the rally. Goldman Sachs maintains buy on BP
• Neutral Sentiment: RBC and Berenberg published a GBX 700 price target (RBC labelled sector perform), and other large houses (Jefferies, JPMorgan) kept neutral/market-weight calls — these temper but don’t reverse the bullish reaction. Broker views / price targets
• Neutral Sentiment: Coverage is mixed: buy ratings lift sentiment while multiple neutral ratings mean some brokers are taking profits or waiting for longer-term clarity. JPMorgan remains neutral on BP
• Negative Sentiment: At the AGM shareholders rejected two board proposals, signalling some investor pushback on governance or strategy changes — a potential longer-term governance risk. Shareholders decline two BP board proposals
• Negative Sentiment: Ongoing labour/lockout issues drew political attention (appeals to US officials), which could pose operational or reputational risks if unresolved. Calls to end BP lockout

About BP

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. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business.