BP (LON:BP) Rating Reiterated by Goldman Sachs Group

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BP (LON:BP)‘s stock had its “buy” rating restated by investment analysts at Goldman Sachs Group in a research report issued to clients and investors on Wednesday, ThisIsMoney.Co.Uk reports.

BP has been the subject of a number of other reports. Royal Bank of Canada cut shares of BP from an “outperform” rating to an “underperform” rating in a research note on Monday, March 16th. Barclays dropped their price objective on shares of BP from GBX 650 ($8.55) to GBX 380 ($5.00) and set an “overweight” rating for the company in a research note on Thursday, March 19th. Societe Generale dropped their price objective on shares of BP from GBX 560 ($7.37) to GBX 525 ($6.91) and set a “buy” rating for the company in a research note on Thursday, February 6th. Credit Suisse Group dropped their price objective on shares of BP from GBX 570 ($7.50) to GBX 385 ($5.06) and set a “neutral” rating for the company in a research note on Thursday, March 12th. Finally, Sanford C. Bernstein reissued a “buy” rating and set a GBX 470 ($6.18) price objective on shares of BP in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 508.89 ($6.69).

Shares of BP opened at GBX 312.60 ($4.11) on Wednesday. The company has a debt-to-equity ratio of 76.90, a current ratio of 1.12 and a quick ratio of 0.66. The firm has a 50 day simple moving average of GBX 385.62 and a 200-day simple moving average of GBX 466.61. BP has a 1-year low of GBX 4.69 ($0.06) and a 1-year high of GBX 583.40 ($7.67). The stock has a market cap of $68.77 billion and a price-to-earnings ratio of 15.87.

In other news, insider Brian Gilvary bought 65 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average price of GBX 492 ($6.47) per share, for a total transaction of £319.80 ($420.68).

About BP

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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