BP PLC 9 Percent Preferred Shares (LON:BP.B) Given a GBX 500 Price Target at Berenberg Bank

Berenberg Bank set a GBX 500 ($6.13) price objective on BP PLC 9 Percent Preferred Shares (LON:BP.B – Get Rating) in a research report released on Friday morning, Borsen Zeitung reports.

Several other research analysts have also weighed in on BP.B. JPMorgan Chase & Co. set a GBX 530 ($6.49) price target on BP PLC 9 Percent Preferred Shares in a research report on Tuesday. Royal Bank of Canada set a GBX 525 ($6.43) price target on BP PLC 9 Percent Preferred Shares in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a GBX 472 ($5.78) price target on BP PLC 9 Percent Preferred Shares in a research report on Wednesday. The Goldman Sachs Group set a GBX 610 ($7.47) target price on BP PLC 9 Percent Preferred Shares in a research report on Tuesday. Finally, Barclays set a GBX 700 ($8.58) target price on BP PLC 9 Percent Preferred Shares in a research report on Wednesday, May 4th.

BP PLC 9 Percent Preferred Shares Stock Performance

Shares of LON BP.B opened at GBX 181.50 ($2.22) on Friday. BP PLC 9 Percent Preferred Shares has a 12 month low of GBX 166 ($2.03) and a 12 month high of GBX 197 ($2.41). The company has a market cap of £36.31 billion and a price-to-earnings ratio of -2.54. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 74.69. The business has a fifty day simple moving average of GBX 173.89 and a 200-day simple moving average of GBX 175.13.

About BP PLC 9 Percent Preferred Shares

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BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).