BP p.l.c. (LON:BP) Given Average Recommendation of “Moderate Buy” by Brokerages

BP p.l.c. (LON:BP – Get Free Report) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 635.

Several research analysts have commented on BP shares. The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a report on Wednesday, April 29th. Barclays reiterated a “buy” rating on shares of BP in a report on Tuesday, May 26th. Jefferies Financial Group reiterated a “neutral” rating and issued a $6.50 target price on shares of BP in a report on Thursday, May 21st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BP in a report on Friday, June 5th. Finally, Morgan Stanley upgraded shares of BP to an “overweight” rating in a report on Wednesday, March 25th.

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BP Stock Performance

Shares of BP opened at GBX 534.50 on Friday. BP has a one year low of GBX 379.70 and a one year high of GBX 562.30. The company has a 50-day moving average of GBX 557.30 and a two-hundred day moving average of GBX 500.44. The stock has a market cap of £104.03 billion, a price-to-earnings ratio of 39.93, a PEG ratio of 0.35 and a beta of 0.06. The company has a debt-to-equity ratio of 132.55, a current ratio of 1.22 and a quick ratio of 0.62.

BP Company Profile

(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.

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