BP p.l.c. (LON:BP) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• BP has a “Moderate Buy” consensus rating from 11 brokerages, with nine analysts recommending a buy and two rating the stock a hold. The average 12-month price target is GBX 580.
• Recent analyst views remain mixed: Barclays and Goldman Sachs reaffirmed buy ratings, while JPMorgan cut its target to GBX 550 with a neutral rating; RBC issued an outperform rating with a GBX 700 target.
• BP shares opened at GBX 515.40, down 1.4%, with a market capitalization of approximately £100.31 billion. The stock has traded between GBX 379.70 and GBX 562.30 over the past year.

BP p.l.c. (LON:BP - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 580.

A number of equities analysts recently commented on the stock. Barclays reiterated a "buy" rating on shares of BP in a research report on Tuesday, May 26th. JPMorgan Chase & Co. reduced their price objective on BP from GBX 600 to GBX 550 and set a "neutral" rating on the stock in a research note on Friday, July 3rd. The Goldman Sachs Group reiterated a "buy" rating on shares of BP in a report on Wednesday, July 1st. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 700 target price on shares of BP in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 520 target price on shares of BP in a report on Tuesday.

BP Trading Down 1.4%

Shares of BP opened at GBX 515.40 on Friday. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30. The firm has a market cap of £100.31 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 0.35 and a beta of 0.06. The firm has a 50 day moving average price of GBX 512.85 and a 200-day moving average price of GBX 527.85. The company has a debt-to-equity ratio of 124.41, a quick ratio of 0.62 and a current ratio of 1.27.

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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