BP’s (BP) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of BP (LON:BP) in a research report released on Wednesday,Digital Look reports. The brokerage currently has a GBX 700 price objective on the oil and gas exploration company’s stock.

Other equities analysts also recently issued research reports about the company. Berenberg Bank increased their price target on BP from GBX 590 to GBX 600 and gave the company a “buy” rating in a report on Wednesday, July 15th. UBS Group reiterated a “buy” rating on shares of BP in a research note on Tuesday, June 16th. Jefferies Financial Group reissued a “neutral” rating and set a $6.50 target price on shares of BP in a research report on Thursday, May 21st. DZ Bank restated a “buy” rating on shares of BP in a report on Tuesday, April 28th. Finally, BNP Paribas Exane raised BP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 579.

BP Stock Down 0.5%

Shares of BP stock opened at GBX 517.20 on Wednesday. The stock’s 50 day simple moving average is GBX 513.42 and its 200 day simple moving average is GBX 519.70. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The company has a debt-to-equity ratio of 124.41, a quick ratio of 0.62 and a current ratio of 1.27. The company has a market capitalization of £100.66 billion, a price-to-earnings ratio of 38.63, 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.