BP’s (BP) Buy Rating Reaffirmed at UBS Group

UBS Group reiterated their buy rating on shares of BP (LON:BP) in a research report report published on Friday,MarketScreener reports.

A number of other brokerages have also recently weighed in on BP. Jefferies Financial Group reiterated a “neutral” rating on shares of BP in a report on Tuesday, April 28th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BP in a report on Tuesday, April 28th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 700 target price on shares of BP in a report on Wednesday, April 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a report on Wednesday, April 29th. Finally, Morgan Stanley upgraded BP to an “overweight” rating in a report on Wednesday, March 25th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 635.

BP Price Performance

Shares of BP stock opened at GBX 535.90 on Friday. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The stock has a market capitalization of £104.30 billion, a P/E ratio of 40.03, a PEG ratio of 0.35 and a beta of 0.06. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 132.55. The business’s fifty day moving average price is GBX 550.38 and its 200 day moving average price is GBX 483.29.

Insider Activity at BP

In related news, insider Carol Howle acquired 65 shares of BP stock in a transaction on Tuesday, February 10th. The shares were bought at an average price of GBX 478 per share, for a total transaction of £310.70. Insiders bought a total of 142 shares of company stock worth $70,530 in the last 90 days. Insiders own 0.26% of the company’s stock.

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.