BP p.l.c. (LON:BP) Stock Has Consensus Target Price of GBX 605

Shares of BP p.l.c. (LON:BP) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 605.

BP has been the subject of a number of research analyst reports. Berenberg Bank increased their price objective on shares of BP from GBX 600 to GBX 605 and gave the company a “buy” rating in a report on Tuesday, August 18th. UBS Group reissued a “buy” rating on shares of BP in a report on Monday, September 28th. Royal Bank Of Canada restated a “buy” rating on shares of BP in a research report on Thursday, September 24th. JPMorgan Chase & Co. upped their target price on shares of BP from GBX 550 to GBX 675 and gave the stock an “overweight” rating in a research report on Wednesday, September 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a research note on Wednesday, July 1st.

BP Price Performance

LON BP traded up GBX 3.60 during trading hours on Friday, reaching GBX 614.10. The company’s stock had a trading volume of 98,469,773 shares, compared to its average volume of 8,560,774. The firm’s 50-day moving average price is GBX 551.92 and its 200-day moving average price is GBX 542.19. The company has a quick ratio of 0.62, a current ratio of 1.27 and a debt-to-equity ratio of 124.41. BP has a 1 year low of GBX 379.70 and a 1 year high of GBX 562.30. The company has a market capitalization of £119.52 billion, a price-to-earnings ratio of 45.87, a PEG ratio of 0.35 and a beta of 0.06.

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.