BP (LON:BP) Given “Buy” Rating at UBS Group

UBS Group restated their buy rating on shares of BP (LON:BP) in a research note released on Monday morning.

A number of other analysts also recently weighed in on BP. Berenberg Bank boosted their target price on BP from GBX 600 to GBX 605 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. The Goldman Sachs Group reissued a “buy” rating on shares of BP in a research note on Wednesday, July 1st. 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. JPMorgan Chase & Co. increased their target price on shares of BP from GBX 550 to GBX 675 and gave the company an “overweight” rating in a report on Wednesday, September 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of BP in a report on Thursday, September 24th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, BP has an average rating of “Moderate Buy” and an average price target of GBX 605.

BP Price Performance

Shares of BP stock opened at GBX 558.50 on Monday. The company has a current ratio of 1.27, a quick ratio of 0.62 and a debt-to-equity ratio of 124.41. The firm has a market capitalization of £108.70 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The business’s 50-day moving average price is GBX 540.86 and its 200-day moving average price is GBX 539.37. BP has a 12 month low of GBX 379.70 and a 12 month high of GBX 562.30.

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.