Brokerages Set BP p.l.c. (LON:BP) Price Target at GBX 605

BP p.l.c. (LON:BP) has received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 579.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on BP from GBX 600 to GBX 550 and set a “neutral” rating for the company in a research report on Friday, July 3rd. Berenberg Bank lifted their target price on BP from GBX 590 to GBX 600 and gave the company a “buy” rating in a research report on Wednesday, July 15th. DZ Bank reissued a “buy” rating on shares of BP in a research note on Tuesday, April 28th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 700 target price on shares of BP in a research note on Wednesday, August 5th. Finally, BNP Paribas Exane raised shares of BP from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th.

BP Trading Down 0.5%

Shares of BP stock opened at GBX 517.20 on Monday. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30. The stock’s fifty day moving average price is GBX 513.42 and its two-hundred day moving average price is GBX 520.26. The company has a debt-to-equity ratio of 124.41, a quick ratio of 0.62 and a current ratio of 1.27. The company has a market cap of £100.66 billion, a PE ratio of 38.63, 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.