BP (LON:BP) Given “Buy” Rating at Royal Bank Of Canada

BP (LON:BP)‘s stock had its “buy” rating reiterated by equities research analysts at Royal Bank Of Canada in a report issued on Thursday.

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

BP Stock Performance

Shares of LON BP opened at GBX 557.20 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.62 and a debt-to-equity ratio of 124.41. BP has a 12 month low of GBX 379.70 and a 12 month high of GBX 562.30. The company has a 50 day simple moving average of GBX 537.81 and a two-hundred day simple moving average of GBX 538.06. The stock has a market cap 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 Company Profile

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.