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

BP (LON:BP)‘s stock had its “buy” rating reissued by stock analysts at Royal Bank Of Canada in a report issued on Wednesday,MarketScreener reports.

A number of other analysts have also weighed in on BP. DZ Bank reissued a “buy” rating on shares of BP in a research report on Tuesday, April 28th. Jefferies Financial Group reiterated a “neutral” rating and set a $6.50 target price on shares of BP in a research report on Thursday, May 21st. JPMorgan Chase & Co. restated a “neutral” rating on shares of BP in a report on Friday, June 5th. BNP Paribas Exane upgraded shares of BP from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of BP in a research report on Wednesday, April 29th. 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 613.

BP Trading Down 1.2%

Shares of LON:BP traded down GBX 5.60 during trading on Wednesday, reaching GBX 467.10. The company’s stock had a trading volume of 52,408,196 shares, compared to its average volume of 8,560,774. The stock has a market capitalization of £90.91 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. BP has a 12 month low of GBX 379.70 and a 12 month high of GBX 562.30. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 132.55. The firm’s 50 day simple moving average is GBX 537.51 and its two-hundred day simple moving average is GBX 504.40.

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.