BP (LON:BP) Earns Sector perform Rating from Royal Bank Of Canada

BP (LON:BP)‘s stock had its “sector perform” rating reaffirmed by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday, MarketBeat reports. They currently have a GBX 500 target price on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 9.00% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Citigroup raised their price objective on shares of BP from GBX 475 to GBX 525 and gave the company a “buy” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. upped their target price on shares of BP from GBX 420 to GBX 440 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Jefferies Financial Group increased their target price on shares of BP from GBX 400 to GBX 420 and gave the stock a “hold” rating in a report on Friday, October 17th. Finally, Berenberg Bank raised their price target on shares of BP from GBX 490 to GBX 525 and gave the company a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 482.

BP Stock Performance

Shares of BP stock opened at GBX 458.70 on Thursday. The stock has a market capitalization of £89.28 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62. The business has a 50-day moving average of GBX 429.30 and a 200 day moving average of GBX 400.04. BP has a 12 month low of GBX 379.70 and a 12 month high of GBX 562.30.

Insiders Place Their Bets

In other news, insider Amanda Blanc purchased 23,600 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average price of GBX 426 per share, for a total transaction of £100,536. Insiders have purchased a total of 23,617 shares of company stock valued at $10,060,861 over the last 90 days. 0.26% of the stock is owned by company insiders.

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.