BP p.l.c. (LON:BP) Stock Has Average Price Target of GBX 580 According to Brokerages

Shares of BP p.l.c. (LON:BP) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 605.

A number of equities research analysts have recently issued reports on BP shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of BP in a report on Thursday. Berenberg Bank raised their price target on shares of BP from GBX 600 to GBX 605 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. JPMorgan Chase & Co. boosted their price target on shares of BP from GBX 550 to GBX 675 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 520 price objective on shares of BP in a research note on Tuesday, August 25th. Finally, UBS Group reiterated a “buy” rating on shares of BP in a report on Tuesday, June 16th.

BP Stock Performance

LON BP opened at GBX 557.20 on Tuesday. The stock has a market capitalization of £108.45 billion, a price-to-earnings ratio of 41.62, a PEG ratio of 0.35 and a beta of 0.06. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The company has a current ratio of 1.27, a quick ratio of 0.62 and a debt-to-equity ratio of 124.41. The stock has a 50-day moving average of GBX 538.80 and a 200 day moving average of GBX 538.52.

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.