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

Shares of BP p.l.c. (LON:BP) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 580.

BP has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a research report on Wednesday, July 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 700 price target on shares of BP in a report on Wednesday, August 5th. UBS Group reissued a “buy” rating on shares of BP in a research report on Tuesday, June 16th. Barclays restated a “buy” rating on shares of BP in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. dropped their target price on shares of BP from GBX 600 to GBX 550 and set a “neutral” rating for the company in a research report on Friday, July 3rd.

BP Stock Performance

Shares of LON:BP opened at GBX 515.40 on Friday. The company has a market cap of £100.31 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The company has a 50-day moving average price of GBX 512.85 and a 200-day moving average price of GBX 527.85. The company has a current ratio of 1.27, a quick ratio of 0.62 and a debt-to-equity ratio of 124.41. BP has a 12 month low of GBX 379.70 and a 12 month high of GBX 562.30.

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.