BP (LON:BP) Given “Outperform” Rating at Royal Bank Of Canada

BP (LON:BP)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a research note issued on Wednesday,London Stock Exchange reports. They presently have a GBX 700 price target on the oil and gas exploration company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 32.33% from the stock’s previous close.

A number of other equities research analysts also recently commented on BP. Morgan Stanley raised BP to an “overweight” rating in a report on Wednesday, March 25th. The Goldman Sachs Group reissued a “buy” rating on shares of BP in a report on Wednesday, April 29th. BNP Paribas Exane raised BP from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. DZ Bank reissued a “buy” rating on shares of BP in a report on Tuesday, April 28th. Finally, Barclays reissued a “buy” rating on shares of BP in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 635.

BP Trading Down 4.0%

BP stock opened at GBX 529 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 132.55. BP has a 52 week low of GBX 379.70 and a 52 week high of GBX 562.30. The company has a market capitalization of £102.96 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The stock has a 50-day moving average price of GBX 565.63 and a 200 day moving average price of GBX 494.07.

Insider Transactions at BP

In related news, insider Carol Howle purchased 62 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was bought at an average cost of GBX 510 per share, with a total value of £316.20. Insiders purchased 77 shares of company stock valued at $39,750 over the last three months. 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.