BP p.l.c. (LON:BP) Stock Rated “Moderate Buy” by Wall Street Brokerages

BP p.l.c. (LON:BP) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 627.

A number of analysts have commented on BP shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 520 price target on shares of BP in a research report on Wednesday, October 14th. UBS Group reaffirmed a “buy” rating on shares of BP in a report on Monday, September 28th. Royal Bank Of Canada restated a “buy” rating on shares of BP in a research report on Thursday, September 24th. JPMorgan Chase & Co. increased their price objective on BP from GBX 550 to GBX 675 and gave the company an “overweight” rating in a research note on Wednesday, September 23rd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of BP in a report on Wednesday, July 1st.

BP Price Performance

Shares of BP stock opened at GBX 638.50 on Friday. 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 quick ratio of 0.62 and a current ratio of 1.27. The firm has a market capitalization of £124.27 billion, a price-to-earnings ratio of 47.69, a PEG ratio of 0.35 and a beta of 0.06. The stock’s 50-day simple moving average is GBX 560.61 and its 200-day simple moving average is GBX 542.93.

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.