Royal Bank Of Canada Reaffirms “Buy” Rating for BP (LON:BP)

BP (LON:BP)‘s stock had its “buy” rating reiterated by investment analysts at Royal Bank Of Canada in a note issued to investors on Tuesday,MarketScreener reports.

Several other equities research analysts also recently weighed in on BP. DZ Bank reaffirmed a “buy” rating on shares of BP in a report on Tuesday, April 28th. Morgan Stanley upgraded shares of BP to an “overweight” rating in a research report on Wednesday, March 25th. BNP Paribas Exane raised shares of BP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BP in a report on Tuesday, April 28th. Finally, Barclays reiterated a “buy” rating on shares of BP in a research note on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 635.

BP Stock Performance

BP stock traded down GBX 14 during mid-day trading on Tuesday, hitting GBX 551.20. 26,367,014 shares of the company’s stock traded hands, compared to its average volume of 8,560,774. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 132.55. BP has a one year low of GBX 379.70 and a one year high of GBX 562.30. The firm has a 50 day moving average price of GBX 565.19 and a 200 day moving average price of GBX 493.38. The company has a market cap of £107.28 billion, a PE ratio of 41.17, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06.

Insider Activity

In related news, insider Carol Howle purchased 62 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of GBX 510 per share, for a total transaction of £316.20. Insiders have purchased 77 shares of company stock valued at $39,750 over the last ninety days. 0.26% of the stock is owned by corporate insiders.

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.