BP (LON:BP) Upgraded at UBS Group

UBS Group upgraded shares of BP (LON:BP) to a buy rating in a report published on Thursday,MarketScreener reports.

A number of other analysts also recently issued reports on BP. Morgan Stanley upgraded shares of BP to an “overweight” rating in a report on Wednesday, March 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BP in a research note on Tuesday, April 14th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a research note on Thursday, March 26th. Barclays reissued a “buy” rating on shares of BP in a research report on Tuesday, April 14th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 650 price objective on shares of BP in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, BP has a consensus rating of “Moderate Buy” and a consensus target price of GBX 559.

BP Stock Performance

Shares of LON BP opened at GBX 541 on Thursday. The company has a debt-to-equity ratio of 136.71, a quick ratio of 0.62 and a current ratio of 1.26. The company has a market cap of £105.29 billion, a P/E ratio of 40.41, a P/E/G ratio of 0.35 and a beta of 0.06. The firm’s fifty day moving average is GBX 526.65 and its two-hundred day moving average is GBX 470.94. BP has a 52-week low of GBX 379.70 and a 52-week high of GBX 562.30.

Insider Transactions at BP

In related news, insider Carol Howle purchased 65 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were acquired at an average price of GBX 478 per share, for a total transaction of £310.70. In the last quarter, insiders have purchased 142 shares of company stock worth $70,530. Corporate insiders own 0.26% of the company’s stock.

BP Company Profile

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.