BP (LON:BP) Given “Outperform” Rating at Royal Bank Of Canada

BP (LON:BP)‘s stock had its “outperform” rating restated by analysts at Royal Bank Of Canada in a note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 700 price objective on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 32.33% from the company’s previous close.

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 reissued a “buy” rating on shares of BP in a report on Friday, May 8th. Morgan Stanley raised BP to an “overweight” rating in a report on Wednesday, March 25th. Barclays reissued a “buy” rating on shares of BP in a report on Friday, April 24th. Finally, BNP Paribas Exane raised BP from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 635.

BP Price Performance

Shares of LON BP opened at GBX 529 on Wednesday. The company has a debt-to-equity ratio of 132.55, a quick ratio of 0.62 and a current ratio of 1.22. The company has a market cap of £102.96 billion, a PE ratio of 39.51, a P/E/G ratio of 0.35 and a beta of 0.06. The business has a 50-day simple moving average of GBX 565.63 and a two-hundred day simple moving average of GBX 494.07. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30.

Insider Activity at BP

In other news, insider Carol Howle bought 62 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of GBX 510 per share, with a total value of £316.20. Insiders bought a total of 77 shares of company stock worth $39,750 over the last three months. Insiders own 0.26% of the company’s stock.

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.