BP’s (BP) Buy Rating Reiterated at UBS Group

UBS Group restated their buy rating on shares of BP (LON:BP) in a report issued on Monday morning.

Other analysts also recently issued reports about the company. Jefferies Financial Group reiterated a “hold” rating and set a GBX 520 target price on shares of BP in a research report on Tuesday, August 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a report on Wednesday, July 1st. JPMorgan Chase & Co. boosted their price objective on shares of BP from GBX 550 to GBX 675 and gave the company an “overweight” rating in a research report on Wednesday, September 23rd. Berenberg Bank upped their target price on shares of BP from GBX 600 to GBX 605 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of BP in a research report on Thursday, September 24th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BP presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 605.

BP Price Performance

BP opened at GBX 550.70 on Monday. The business has a fifty day moving average of GBX 542.12 and a 200 day moving average of GBX 540.08. BP has a 52-week low of GBX 379.70 and a 52-week high of GBX 562.30. The company has a quick ratio of 0.62, a current ratio of 1.27 and a debt-to-equity ratio of 124.41. The stock has a market cap of £107.18 billion, a P/E ratio of 41.14, 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.