The Goldman Sachs Group Reiterates Buy Rating for BP (LON:BP)

BP (LON:BP)‘s stock had its “buy” rating reaffirmed by equities research analysts at The Goldman Sachs Group in a report released on Wednesday,MarketScreener reports.

Several other equities analysts have also commented on BP. Barclays restated a “buy” rating on shares of BP in a research report on Tuesday, May 26th. Berenberg Bank reduced their target price on shares of BP from GBX 700 to GBX 590 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley upgraded shares of BP to an “overweight” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada reiterated a “buy” rating on shares of BP in a research report on Wednesday. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of BP in a research report on Friday, June 5th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 613.

BP Stock Performance

BP traded down GBX 5.60 during trading on Wednesday, reaching GBX 467.10. 52,408,196 shares of the company were exchanged, compared to its average volume of 8,560,774. BP has a 52 week low of GBX 379.70 and a 52 week 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 has a 50 day moving average of GBX 537.51 and a 200 day moving average of GBX 504.40. The stock has a market cap of £90.91 billion, a P/E ratio of 34.89, a PEG 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.