BP p.l.c. (LON:BP) Stock Has Average Target Price of GBX 605 According to Analysts

Key Points

• Analysts maintain a Moderate Buy consensus on BP: 10 of 11 analysts rate the stock a buy, while one recommends holding it. The average 12-month price target is GBX 605.
• Several major firms reaffirmed positive views, including Berenberg, UBS, Goldman Sachs, and RBC; Berenberg raised its target to GBX 605, while Jefferies maintained a hold rating with a GBX 520 target.
• BP shares recently traded at GBX 614.10, above the average analyst target, with a market capitalization of approximately £119.5 billion.

BP p.l.c. (LON:BP - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 605.

A number of research firms have weighed in on BP. Berenberg Bank upped their price target on shares of BP from GBX 600 to GBX 605 and gave the stock a "buy" rating in a research report on Tuesday, August 18th. Jefferies Financial Group restated a "hold" rating and set a GBX 520 price objective on shares of BP in a research report on Wednesday. UBS Group restated a "buy" rating on shares of BP in a research note on Monday, September 28th. The Goldman Sachs Group restated a "buy" rating on shares of BP in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada reaffirmed a "buy" rating on shares of BP in a report on Thursday, September 24th.

BP Stock Performance

LON BP traded up GBX 3.60 on Friday, reaching GBX 614.10. 98,469,773 shares of the stock were exchanged, compared to its average volume of 8,560,774. The company has a current ratio of 1.27, a quick ratio of 0.62 and a debt-to-equity ratio of 124.41. BP has a one year low of GBX 379.70 and a one year high of GBX 562.30. The firm has a market capitalization of £119.52 billion, a PE ratio of 45.87, a PEG ratio of 0.35 and a beta of 0.06. The company's 50-day simple moving average is GBX 551.92 and its two-hundred day simple moving average is GBX 542.19.

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.

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