BP (LON:BP) Receives Outperform Rating from Royal Bank Of Canada

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

Other equities research analysts have also issued reports about the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 700 price objective on shares of BP in a research note on Wednesday, April 29th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of BP in a research note on Friday, June 5th. BNP Paribas Exane upgraded shares of BP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. DZ Bank reaffirmed a “buy” rating on shares of BP in a research note on Tuesday, April 28th. Finally, Jefferies Financial Group reissued a “neutral” rating and set a $6.50 price target on shares of BP in a research report on Thursday, May 21st. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 635.

BP Stock Up 2.1%

BP stock traded up GBX 11.20 during mid-day trading on Thursday, hitting GBX 540.50. The stock had a trading volume of 24,532,013 shares, compared to its average volume of 8,560,774. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30. The company has a fifty day moving average of GBX 559.75 and a 200 day moving average of GBX 499.55. 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 stock has a market capitalization of £105.20 billion, a price-to-earnings ratio of 40.37, a PEG ratio of 0.35 and a beta of 0.06.

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.