BP’s (BP) “Buy” Rating Reiterated at Royal Bank Of Canada

BP (LON:BP)‘s stock had its “buy” rating reiterated by analysts at Royal Bank Of Canada in a report released on Thursday.

BP has been the subject of several other reports. Jefferies Financial Group restated a “hold” rating and issued a GBX 520 price objective on shares of BP in a report on Tuesday, August 25th. UBS Group reissued a “buy” rating on shares of BP in a research note on Tuesday, June 16th. The Goldman Sachs Group restated a “buy” rating on shares of BP in a report on Wednesday, July 1st. JPMorgan Chase & Co. increased their target price on BP from GBX 550 to GBX 675 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Berenberg Bank lifted their price target on BP from GBX 600 to GBX 605 and gave the company a “buy” rating in a report on Tuesday, August 18th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 605.

BP Stock Up 2.7%

LON:BP opened at GBX 557.20 on Thursday. The company has a market cap of £108.45 billion, a price-to-earnings ratio of 41.62, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The stock has a fifty day simple moving average of GBX 537.81 and a 200-day simple moving average of GBX 538.06. The company has a current ratio of 1.27, a quick ratio of 0.62 and a debt-to-equity ratio of 124.41.

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.