BP (LON:BP) Earns “Sector perform” Rating from Royal Bank of Canada

BP (LON:BP)‘s stock had its “sector perform” rating restated by analysts at Royal Bank of Canada in a research note issued on Thursday, MarketBeat reports. They presently have a GBX 480 ($6.04) target price on the oil and gas exploration company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 3.60% from the stock’s current price.

Several other research firms have also recently weighed in on BP. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 540 ($6.80) price objective on shares of BP in a research report on Monday, December 16th. Berenberg Bank decreased their price target on shares of BP from GBX 470 ($5.91) to GBX 440 ($5.54) and set a “hold” rating for the company in a research note on Friday, November 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of BP from GBX 425 ($5.35) to GBX 440 ($5.54) and gave the company an “underweight” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, BP has a consensus rating of “Moderate Buy” and a consensus target price of GBX 578.33 ($7.28).

BP Stock Up 0.2 %

LON BP traded up GBX 0.90 ($0.01) during trading hours on Thursday, reaching GBX 463.30 ($5.83). 30,713,864 shares of the company’s stock were exchanged, compared to its average volume of 8,560,774. The company has a market capitalization of £90.17 billion, a price-to-earnings ratio of 34.61, 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 quick ratio of 0.62 and a current ratio of 1.22. BP has a one year low of GBX 379.70 ($4.78) and a one year high of GBX 562.30 ($7.08). The company’s 50-day moving average is GBX 416.66 and its two-hundred day moving average is GBX 408.63.

Insiders Place Their Bets

In other news, insider Murray Auchincloss bought 87 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was bought at an average price of GBX 433 ($5.45) per share, with a total value of £376.71 ($474.03). Insiders purchased 270 shares of company stock worth $112,325 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.