BP (LON:BP) Price Target Raised to GBX 600

BP (LON:BP) had its price target raised by Berenberg Bank from GBX 590 to GBX 600 in a research note issued to investors on Wednesday,Digital Look reports. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of BP in a research report on Wednesday, July 1st. UBS Group reissued a “buy” rating on shares of BP in a report on Tuesday, June 16th. JPMorgan Chase & Co. dropped their price target on BP from GBX 600 to GBX 550 and set a “neutral” rating on the stock in a research note on Friday, July 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a report on Wednesday, July 1st. Finally, DZ Bank reaffirmed a “buy” rating on shares of BP in a report on Tuesday, April 28th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, BP presently has a consensus rating of “Moderate Buy” and an average target price of GBX 605.

BP Trading Up 1.4%

BP stock opened at GBX 517.10 on Wednesday. BP has a 52 week low of GBX 379.70 and a 52 week high of GBX 562.30. 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 stock has a market capitalization of £100.64 billion, a P/E ratio of 38.63, a PEG ratio of 0.35 and a beta of 0.06. The stock has a 50-day simple moving average of GBX 516.65 and a 200 day simple moving average of GBX 508.77.

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.