Royal Bank Of Canada Upgrades BP (LON:BP) to Outperform

BP (LON:BP) was upgraded by analysts at Royal Bank Of Canada to an “outperform” rating in a research report issued to clients and investors on Monday,London Stock Exchange reports. The firm currently has a GBX 700 price objective on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 30.69% from the stock’s current price.

Several other research analysts have also recently issued reports on BP. DZ Bank reissued a “buy” rating on shares of BP in a research report on Tuesday, April 28th. Jefferies Financial Group reissued a “neutral” rating on shares of BP in a research report on Tuesday, April 28th. The Goldman Sachs Group reissued a “buy” rating on shares of BP in a research report on Wednesday, April 29th. BNP Paribas Exane raised BP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Finally, Barclays reissued a “buy” rating on shares of BP in a research report on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 635.

BP Trading Down 0.4%

BP stock opened at GBX 535.60 on Monday. The company has a debt-to-equity ratio of 132.55, a current ratio of 1.22 and a quick ratio of 0.62. BP has a one year low of GBX 379.70 and a one year high of GBX 562.30. The stock has a market capitalization of £104.24 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The business’s fifty day moving average is GBX 550.38 and its 200 day moving average is GBX 483.29.

Insider Transactions at BP

In other news, insider Carol Howle bought 65 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were acquired at an average cost of GBX 478 per share, with a total value of £310.70. Insiders bought 142 shares of company stock valued at $70,530 over the last 90 days. Company insiders own 0.26% of the company’s stock.

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.