BP (LON:BP) Earns “Buy” Rating from UBS Group

BP (LON:BP)‘s stock had its “buy” rating reiterated by research analysts at UBS Group in a report released on Tuesday,MarketScreener reports.

Several other brokerages have also commented on BP. JPMorgan Chase & Co. reissued a “neutral” rating on shares of BP in a research note on Friday, June 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a research note on Wednesday, April 29th. Jefferies Financial Group reiterated a “neutral” rating and set a $6.50 target price on shares of BP in a research report on Thursday, May 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $700.00 target price on shares of BP in a report on Thursday, June 11th. Finally, DZ Bank restated a “buy” rating on shares of BP in a research report on Tuesday, April 28th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 635.

BP Price Performance

BP stock traded down GBX 17.50 during trading on Tuesday, reaching GBX 517. 33,764,810 shares of the company were exchanged, compared to its average volume of 8,560,774. The company has a debt-to-equity ratio of 132.55, a quick ratio of 0.62 and a current ratio of 1.22. The stock’s 50 day moving average price is GBX 556.47 and its 200 day moving average price is GBX 501.34. BP has a 52-week low of GBX 379.70 and a 52-week high of GBX 562.30. The company has a market cap of £100.62 billion, a P/E ratio of 38.62, a PEG ratio of 0.35 and a beta of 0.06.

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.