BP's (BP) Buy Rating Reiterated at UBS Group

Key Points

• UBS Group reaffirmed its “buy” rating on BP, while most other analysts also remain positive. Ten analysts rate the stock a Buy and one rates it a Hold, resulting in a consensus “Moderate Buy” rating.
• BP’s consensus price target is GBX 605, with JPMorgan recently raising its target to GBX 675 and maintaining an “overweight” rating.
• BP shares opened at GBX 558.50, near their 52-week high of GBX 562.30, giving the company a market capitalization of approximately £108.7 billion.

BP (LON:BP - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at UBS Group in a report released on Monday.

A number of other brokerages have also weighed in on BP. Jefferies Financial Group restated a "hold" rating and issued a GBX 520 price objective on shares of BP in a report on Tuesday, August 25th. JPMorgan Chase & Co. lifted their target price on shares of BP from GBX 550 to GBX 675 and gave the stock an "overweight" rating in a research report on Wednesday, September 23rd. Berenberg Bank boosted their price target on shares of BP from GBX 600 to GBX 605 and gave the stock a "buy" rating in a research note on Tuesday, August 18th. The Goldman Sachs Group reissued a "buy" rating on shares of BP in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada restated a "buy" rating on shares of BP in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 605.

BP Stock Down 2.3%

Shares of LON BP opened at GBX 558.50 on Monday. BP has a one year low of GBX 379.70 and a one year high of GBX 562.30. The company has a debt-to-equity ratio of 124.41, a current ratio of 1.27 and a quick ratio of 0.62. The firm's 50 day simple moving average is GBX 540.03 and its two-hundred day simple moving average is GBX 539.03. The stock has a market capitalization of £108.70 billion, a P/E ratio of 41.72, 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.

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