BP (LON:BP) Earns Buy Rating from Berenberg Bank

BP (LON:BP)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report issued on Thursday,MarketScreener reports.

Several other equities analysts have also commented on the company. Morgan Stanley upgraded BP to an “overweight” rating in a research note on Wednesday, March 25th. Barclays reaffirmed a “buy” rating on shares of BP in a research note on Tuesday. Jefferies Financial Group reissued a “neutral” rating on shares of BP in a research report on Thursday. The Goldman Sachs Group restated a “buy” rating on shares of BP in a report on Thursday, March 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of BP from GBX 460 to GBX 480 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 493.

BP Trading Down 5.0%

BP opened at GBX 576 on Thursday. The stock’s fifty day moving average is GBX 497.13 and its two-hundred day moving average is GBX 458.26. The company has a market capitalization of £112.11 billion, a P/E ratio of 43.03, a PEG ratio of 0.35 and a beta of 0.06. BP has a 52 week low of GBX 379.70 and a 52 week high of GBX 562.30. The company has a quick ratio of 0.62, a current ratio of 1.26 and a debt-to-equity ratio of 136.71.

Insiders Place Their Bets

In related news, insider Carol Howle bought 62 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of GBX 510 per share, for a total transaction of £316.20. Insiders bought a total of 215 shares of company stock worth $100,858 over the last 90 days. 0.26% of the stock is owned by company insiders.

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.