BP p.l.c. (LON:BP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of BP p.l.c. (LON:BP) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 605.

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 520 price objective on shares of BP in a research report on Tuesday, August 25th. Royal Bank Of Canada reiterated a “buy” rating on shares of BP in a research note on Thursday, September 24th. JPMorgan Chase & Co. increased their price target on shares of BP from GBX 550 to GBX 675 and gave the stock an “overweight” rating in a report on Wednesday, September 23rd. UBS Group reissued a “buy” rating on shares of BP in a report on Monday. Finally, Berenberg Bank boosted their target price on shares of BP from GBX 600 to GBX 605 and gave the stock a “buy” rating in a research note on Tuesday, August 18th.

BP Stock Performance

BP stock opened at GBX 563.50 on Tuesday. The business’s fifty day simple moving average is GBX 540.86 and its two-hundred day simple moving average is GBX 539.37. The company has a quick ratio of 0.62, a current ratio of 1.27 and a debt-to-equity ratio of 124.41. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The firm has a market cap of £109.67 billion, a price-to-earnings ratio of 42.09, a PEG ratio of 0.35 and a beta of 0.06.

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.