BP (LON:BP) Stock Price Target Raised at Berenberg Bank

BP (LON:BP) had its target price raised by Berenberg Bank from GBX 650 to GBX 715 in a research note issued on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. Berenberg Bank’s price objective would indicate a potential upside of 18.03% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 520 price objective on shares of BP in a report on Wednesday, October 14th. Royal Bank Of Canada restated a “buy” rating on shares of BP in a report on Thursday, September 24th. UBS Group restated a “buy” rating on shares of BP in a report on Monday, September 28th. 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 reiterated a “buy” rating on shares of BP in a research note on Wednesday, July 1st. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 627.

BP Trading Down 1.7%

BP opened at GBX 605.80 on Wednesday. The stock has a market cap of £117.91 billion, a PE ratio of 45.25, a PEG ratio of 0.35 and a beta of 0.06. The company has a quick ratio of 0.62, a current ratio of 1.27 and a debt-to-equity ratio of 124.41. The business has a 50 day moving average of GBX 555.69 and a 200-day moving average of GBX 542.05. BP has a 52 week low of GBX 379.70 and a 52 week 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.