BP p.l.c. (LON:BP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of BP p.l.c. (LON:BP) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 605.

BP has been the topic of a number of research analyst reports. BNP Paribas Exane upgraded BP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Berenberg Bank lifted their target price on shares of BP from GBX 590 to GBX 600 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group reiterated a “buy” rating on shares of BP in a research note on Tuesday, June 16th. JPMorgan Chase & Co. dropped their target price on shares of BP from GBX 600 to GBX 550 and set a “neutral” rating on the stock in a research report on Friday, July 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of BP in a research note on Wednesday, July 1st.

BP Trading Up 2.3%

BP stock opened at GBX 516.50 on Thursday. The stock has a 50-day moving average of GBX 518.04 and a two-hundred day moving average of GBX 508.18. The company has a debt-to-equity ratio of 132.55, a quick ratio of 0.62 and a current ratio of 1.22. BP has a one year low of GBX 379.70 and a one year high of GBX 562.30. The stock has a market cap of £100.53 billion, a PE ratio of 38.58, a price-to-earnings-growth 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.