BP’s (BP) “Buy” Rating Reaffirmed at UBS Group

BP (LON:BP)‘s stock had its “buy” rating reaffirmed by analysts at UBS Group in a note issued to investors on Tuesday,MarketScreener reports.

A number of other research analysts have also issued reports on BP. DZ Bank reissued a “buy” rating on shares of BP in a report on Tuesday, April 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $700.00 price target on shares of BP in a report on Thursday, June 11th. Berenberg Bank reiterated a “buy” rating and issued a GBX 700 price objective on shares of BP in a research report on Wednesday, April 29th. Morgan Stanley raised shares of BP to an “overweight” rating in a research note on Wednesday, March 25th. Finally, Jefferies Financial Group restated a “neutral” rating and set a $6.50 price objective on shares of BP in a research report on Thursday, May 21st. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 635.

BP Stock Performance

BP stock traded down GBX 17.50 during trading on Tuesday, hitting GBX 517. The company had a trading volume of 33,764,810 shares, compared to its average volume of 8,560,774. The firm has a 50-day moving average price of GBX 556.47 and a 200-day moving average price of GBX 501.34. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 132.55. The firm has a market cap of £100.62 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30.

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.