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

Shares of BP p.l.c. (LON:BP) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 603.

Several research firms have weighed in on BP. Jefferies Financial Group reiterated a “neutral” rating and issued a $6.50 target price on shares of BP in a report on Thursday, May 21st. Morgan Stanley upgraded shares of BP to an “overweight” rating in a report on Wednesday, March 25th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of BP in a research report on Wednesday, July 1st. JPMorgan Chase & Co. decreased their price objective on BP from GBX 600 to GBX 550 and set a “neutral” rating on the stock in a report on Friday, July 3rd. Finally, DZ Bank reiterated a “buy” rating on shares of BP in a research report on Tuesday, April 28th.

BP Trading Up 3.5%

Shares of BP opened at GBX 491.30 on Thursday. BP has a 12-month low of GBX 379.70 and a 12-month high of GBX 562.30. The firm has a market capitalization of £95.62 billion, a P/E ratio of 36.70, a P/E/G ratio of 0.35 and a beta of 0.06. The firm has a 50-day moving average price of GBX 525.92 and a 200 day moving average price of GBX 505.71. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 132.55.

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.