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

BP (LON:BP)‘s stock had its “buy” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report released on Tuesday,MarketScreener reports.

A number of other analysts also recently issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a report on Wednesday, April 29th. Barclays restated a “buy” rating on shares of BP in a research note on Friday, April 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BP in a report on Tuesday, April 28th. Morgan Stanley raised shares of BP to an “overweight” rating in a report on Wednesday, March 25th. Finally, BNP Paribas Exane upgraded shares of BP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 635.

BP Trading Down 2.5%

Shares of LON BP traded down GBX 14 during trading on Tuesday, reaching GBX 551.20. The stock had a trading volume of 26,367,014 shares, compared to its average volume of 8,560,774. The company has a debt-to-equity ratio of 132.55, a quick ratio of 0.62 and a current ratio of 1.22. The company has a market cap of £107.28 billion, a P/E ratio of 41.17, a PEG ratio of 0.35 and a beta of 0.06. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30. The business’s 50-day moving average price is GBX 565.19 and its 200-day moving average price is GBX 493.38.

Insiders Place Their Bets

In other BP news, insider Carol Howle purchased 62 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of GBX 510 per share, for a total transaction of £316.20. Over the last ninety days, insiders have acquired 77 shares of company stock worth $39,750. 0.26% of the stock is currently owned by company insiders.

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.