BP’s (BP) Buy Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their buy rating on shares of BP (LON:BP) in a report published on Thursday.

Several other equities research analysts have also recently commented on BP. The Goldman Sachs Group reissued a “buy” rating on shares of BP in a research note on Wednesday, July 1st. JPMorgan Chase & Co. upped their price target on BP from GBX 550 to GBX 675 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 520 price target on shares of BP in a report on Tuesday, August 25th. Berenberg Bank lifted their price objective on BP from GBX 600 to GBX 605 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Finally, UBS Group reissued a “buy” rating on shares of BP in a report on Tuesday, June 16th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, BP presently has an average rating of “Moderate Buy” and an average target price of GBX 605.

BP Stock Performance

BP stock opened at GBX 558.50 on Thursday. The company has a 50 day moving average price of GBX 540.03 and a 200 day moving average price of GBX 538.75. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30. The company has a debt-to-equity ratio of 124.41, a current ratio of 1.27 and a quick ratio of 0.62. The stock has a market capitalization of £108.70 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06.

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.