BP (LON:BP) Given New GBX 600 Price Target at Berenberg Bank

BP (LON:BP – Get Free Report) had its price objective lifted by equities researchers at Berenberg Bank from GBX 590 to GBX 600 in a report issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Berenberg Bank’s target price would indicate a potential upside of 16.17% from the stock’s current price.

Several other research firms have also recently issued reports on BP. JPMorgan Chase & Co. cut their target price on BP from GBX 600 to GBX 550 and set a “neutral” rating for the company in a research note on Friday, July 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a research note on Wednesday, July 1st. Royal Bank Of Canada reiterated a “buy” rating on shares of BP in a report on Wednesday, July 1st. Barclays reissued a “buy” rating on shares of BP in a research report on Tuesday, May 26th. Finally, Morgan Stanley raised shares of BP to an “overweight” rating in a research report on Wednesday, March 25th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 605.

Get BP alerts:

Check Out Our Latest Research Report on BP

BP Stock Performance

LON:BP opened at GBX 516.50 on Wednesday. The company’s 50-day moving average is GBX 519.16 and its two-hundred day moving average is GBX 507.54. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30. The company has a debt-to-equity ratio of 132.55, a current ratio of 1.22 and a quick ratio of 0.62. The firm has a market capitalization of £100.53 billion, a price-to-earnings ratio of 38.58, a PEG ratio of 0.35 and a beta of 0.06.

About BP

(Get Free Report)

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.

Recommended Stories

• Five stocks we like better than BP
• Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
• 3 Overlooked Energy ETFs Delivering Strong Returns and Income
• 3 Space Stocks That Could Outshine SpaceX After Its IPO
• JPMorgan’s Q2 Strength Gives the Stock Rally New Support

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.