Deutsche Bank Reaffirms “Buy” Rating for BP (LON:BP)

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BP (LON:BP)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

Several other analysts have also recently weighed in on BP. JPMorgan Chase & Co. upped their price objective on shares of Weight Watchers International from $12.00 to $14.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 30th. Credit Suisse Group started coverage on shares of LTC Properties in a research note on Wednesday. They set an “underperform” rating and a $19.00 price objective on the stock. HSBC raised shares of AU Optronics from a “reduce” rating to a “hold” rating in a research note on Wednesday. UBS Group upped their price objective on shares of Spotify Technology from $180.00 to $182.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 price objective (down from $40.00) on shares of Healthcare Services Group in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 650 ($8.49).

Shares of BP stock opened at GBX 546 ($7.13) on Friday. The company has a debt-to-equity ratio of 87.27, a current ratio of 1.02 and a quick ratio of 0.66. The company has a market capitalization of $111.34 billion and a PE ratio of 11.19. BP has a 1-year low of GBX 481.35 ($6.29) and a 1-year high of GBX 603.20 ($7.88). The business’s 50-day moving average price is GBX 546.35.

In related news, insider Brian Gilvary purchased 58 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average cost of GBX 552 ($7.21) per share, with a total value of £320.16 ($418.35). Insiders have bought 174 shares of company stock worth $94,192 over the last three months.

BP Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Analyst Recommendations for BP (LON:BP)

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