BP (LON:BP) Upgraded at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of BP (LON:BP) to an outperform rating in a report issued on Friday morning, MarketBeat.com reports. Royal Bank Of Canada currently has GBX 700 price target on the oil and gas exploration company’s stock.

A number of other research analysts have also weighed in on BP. Jefferies Financial Group reissued a “hold” rating and set a GBX 520 target price on shares of BP in a research report on Tuesday, August 25th. UBS Group reaffirmed a “buy” rating on shares of BP in a research report on Tuesday, June 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a research note on Wednesday, July 1st. Barclays reissued a “buy” rating on shares of BP in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. decreased their target price on BP from GBX 600 to GBX 550 and set a “neutral” rating for the company in a research note on Friday, July 3rd. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 580.

BP Price Performance

Shares of BP stock opened at GBX 539.70 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.62 and a debt-to-equity ratio of 124.41. The firm has a fifty day simple moving average of GBX 517.14 and a 200-day simple moving average of GBX 530.47. The stock has a market capitalization of £105.04 billion, a price-to-earnings ratio of 40.31, a PEG 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.