BP (LON:BP) Given Outperform Rating at Royal Bank Of Canada

BP (LON:BP)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank Of Canada in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 700 price objective on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 33.33% from the stock’s previous close.

BP has been the topic of several other research reports. Jefferies Financial Group restated a “neutral” rating and set a $6.50 price objective on shares of BP in a report on Thursday, May 21st. The Goldman Sachs Group reissued a “buy” rating on shares of BP in a research report on Wednesday, July 1st. BNP Paribas Exane upgraded shares of BP from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Barclays restated a “buy” rating on shares of BP in a report on Tuesday, May 26th. Finally, Berenberg Bank raised their price target on shares of BP from GBX 590 to GBX 600 and gave the company a “buy” rating in a research report on Wednesday, July 15th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 605.

BP Price Performance

Shares of BP opened at GBX 525 on Wednesday. BP has a 12-month low of GBX 379.70 and a 12-month high of GBX 562.30. The business’s fifty day moving average is GBX 513.40 and its 200 day moving average is GBX 518.58. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 132.55. The stock has a market cap of £102.18 billion, a P/E ratio of 39.22, a P/E/G ratio of 0.35 and a beta of 0.06.

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.