BP’s (BP) Buy Rating Reaffirmed at The Goldman Sachs Group

BP (LON:BP)‘s stock had its “buy” rating restated by analysts at The Goldman Sachs Group in a research note issued on Wednesday,MarketScreener reports.

Several other research firms have also weighed in on BP. BNP Paribas Exane raised BP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Morgan Stanley raised BP to an “overweight” rating in a report on Wednesday, March 25th. Berenberg Bank decreased their price target on BP from GBX 700 to GBX 590 and set a “buy” rating for the company in a research report on Wednesday. Jefferies Financial Group reissued a “neutral” rating and issued a $6.50 price target on shares of BP in a research note on Thursday, May 21st. Finally, Royal Bank Of Canada restated a “buy” rating on shares of BP in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 613.

BP Price Performance

LON:BP traded down GBX 5.60 during trading hours on Wednesday, reaching GBX 467.10. 52,408,196 shares of the company’s stock were exchanged, compared to its average volume of 8,560,774. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 132.55. The company has a market capitalization of £90.91 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. BP has a 12 month low of GBX 379.70 and a 12 month high of GBX 562.30. The business’s 50-day simple moving average is GBX 537.51 and its two-hundred day simple moving average is GBX 504.40.

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.