Credit Suisse Group cut shares of BP (LON:BP) from an outperform rating to a neutral rating in a research note published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has GBX 605 ($7.91) price objective on the oil and gas exploration company’s stock.
Other research analysts have also recently issued reports about the company. UBS Group upped their price objective on Spotify Technology from $180.00 to $182.00 and gave the stock a buy rating in a research report on Tuesday, April 30th. Goldman Sachs Group set a €152.00 ($176.74) price objective on Aena SME and gave the stock a sell rating in a research report on Tuesday, April 30th. Sanford C. Bernstein cut Encana from an outperform rating to a market perform rating in a research report on Tuesday, April 30th. Berenberg Bank reaffirmed a buy rating and set a GBX 620 ($8.10) price objective on shares of in a research report on Friday, June 21st. Finally, Kepler Capital Markets set a €70.00 ($81.40) price objective on Bayer and gave the stock a neutral rating in a research report on Thursday, June 27th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of GBX 650 ($8.49).
LON:BP opened at GBX 546 ($7.13) on Wednesday. The business’s 50-day simple moving average is GBX 546.35. The firm has a market cap 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 company has a current ratio of 1.02, a quick ratio of 0.66 and a debt-to-equity ratio of 87.27.
In other news, insider Brian Gilvary bought 58 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of GBX 526 ($6.87) per share, with a total value of £305.08 ($398.64). Over the last three months, insiders purchased 174 shares of company stock valued at $94,192.
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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