Brokerages Set BP p.l.c. (LON:BP) Target Price at GBX 635

Shares of BP p.l.c. (LON:BP) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 635.

Several equities analysts have recently issued reports on BP shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 700 price target on shares of BP in a research note on Wednesday, April 29th. UBS Group reaffirmed a “buy” rating on shares of BP in a research note on Tuesday, June 16th. Jefferies Financial Group reaffirmed a “neutral” rating and set a $6.50 price target on shares of BP in a research note on Thursday, May 21st. BNP Paribas Exane raised shares of BP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Morgan Stanley raised shares of BP to an “overweight” rating in a research note on Wednesday, March 25th.

BP Price Performance

BP stock opened at GBX 503.80 on Friday. The company has a fifty day moving average price of GBX 549.55 and a 200-day moving average price of GBX 502.57. The company has a market capitalization of £98.05 billion, a P/E ratio of 37.63, a PEG ratio of 0.35 and a beta of 0.06. BP has a 52-week low of GBX 379.70 and a 52-week high of GBX 562.30. The company has a debt-to-equity ratio of 132.55, a quick ratio of 0.62 and a current ratio of 1.22.

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.