Berenberg Bank Reiterates Buy Rating for BP (LON:BP)

BP (LON:BP)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a note issued to investors on Thursday,MarketScreener reports.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. increased their target price on BP from GBX 460 to GBX 480 and gave the company a “neutral” rating in a research report on Friday, December 5th. Morgan Stanley upgraded shares of BP to an “overweight” rating in a research report on Wednesday, March 25th. Jefferies Financial Group restated a “neutral” rating on shares of BP in a research report on Thursday. Barclays reaffirmed a “buy” rating on shares of BP in a report on Tuesday. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a report on Thursday, March 26th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 493.

BP Price Performance

Shares of BP stock opened at GBX 576 on Thursday. The firm has a market cap of £112.11 billion, a PE ratio of 43.03, a PEG ratio of 0.35 and a beta of 0.06. The stock has a 50 day moving average of GBX 497.13 and a 200 day moving average of GBX 458.26. The company has a current ratio of 1.26, a quick ratio of 0.62 and a debt-to-equity ratio of 136.71. BP has a 12 month low of GBX 379.70 and a 12 month high of GBX 562.30.

Insiders Place Their Bets

In other BP news, insider Carol Howle bought 62 shares of BP stock in a transaction on Tuesday, March 10th. The shares were acquired at an average price of GBX 510 per share, for a total transaction of £316.20. Insiders acquired a total of 215 shares of company stock valued at $100,858 in the last 90 days. Company 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.