BP p.l.c. (LON:BP) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of BP p.l.c. (LON:BP) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings 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 brokerages that have updated their coverage on the stock in the last year is GBX 635.

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BP in a research note on Thursday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BP in a research note on Friday, June 5th. UBS Group reaffirmed a “buy” rating on shares of BP in a research note on Friday, May 8th. BNP Paribas Exane raised shares of BP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 700 price target on shares of BP in a research note on Wednesday, April 29th.

BP Price Performance

Shares of BP opened at GBX 534.50 on Friday. The stock has a market capitalization of £104.03 billion, a P/E ratio of 39.93, a P/E/G ratio of 0.35 and a beta of 0.06. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The company has a 50 day moving average of GBX 557.30 and a 200-day moving average of GBX 500.44. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 132.55.

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.