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

BP (LON:BP)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research note issued on Thursday,MarketScreener reports.

BP has been the topic of a number of other reports. UBS Group reaffirmed a “buy” rating on shares of BP in a research note on Friday, May 8th. Jefferies Financial Group reissued a “neutral” rating and set a $6.50 price objective on shares of BP in a report on Thursday, May 21st. Barclays reaffirmed a “buy” rating on shares of BP in a report on Tuesday, May 26th. Morgan Stanley raised BP to an “overweight” rating in a research note on Wednesday, March 25th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 700 price objective on shares of BP in a research note on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 635.

BP Stock Performance

Shares of BP traded up GBX 11.20 during mid-day trading on Thursday, hitting GBX 540.50. 24,532,013 shares of the company’s stock were exchanged, compared to its average volume of 8,560,774. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 132.55. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30. The business’s 50 day moving average is GBX 559.75 and its two-hundred day moving average is GBX 499.55. The firm has a market capitalization of £105.20 billion, a P/E ratio of 40.37, a P/E/G ratio of 0.35 and a beta of 0.06.

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.