BP (LON:BP) Given New GBX 605 Price Target at Berenberg Bank

BP (LON:BP) had its price objective raised by equities research analysts at Berenberg Bank from GBX 600 to GBX 605 in a report issued on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Berenberg Bank’s target price indicates a potential upside of 16.44% from the company’s current price.

Several other equities research analysts also recently weighed in on BP. DZ Bank reissued a “buy” rating on shares of BP in a report on Tuesday, April 28th. UBS Group reaffirmed a “buy” rating on shares of BP in a report on Tuesday, June 16th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 700 target price on shares of BP in a research report on Wednesday, August 5th. The Goldman Sachs Group reissued a “buy” rating on shares of BP in a research note on Wednesday, July 1st. Finally, Barclays restated a “buy” rating on shares of BP in a report on Tuesday, May 26th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, BP presently has an average rating of “Moderate Buy” and an average target price of GBX 580.

BP Stock Down 0.6%

Shares of LON:BP opened at GBX 519.60 on Tuesday. The company has a fifty day moving average of GBX 511.88 and a 200-day moving average of GBX 523.83. The company has a market capitalization of £101.13 billion, a PE ratio of 38.81, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The company has a debt-to-equity ratio of 124.41, a quick ratio of 0.62 and a current ratio of 1.27. BP has a 52-week low of GBX 379.70 and a 52-week 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.