UBS Group restated their buy rating on shares of BP (LON:BP) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.
Other equities research analysts also recently issued research reports about the stock. DZ Bank reduced their target price on shares of BP from GBX 600 ($7.89) to GBX 560 ($7.37) and set a buy rating on the stock in a research note on Wednesday, February 5th. Citigroup restated a buy rating on shares of BP in a research note on Wednesday, February 5th. Sanford C. Bernstein set a GBX 710 ($9.34) target price on shares of BP and gave the company a buy rating in a research note on Tuesday, October 29th. Goldman Sachs Group set a GBX 750 ($9.87) target price on shares of BP and gave the company a buy rating in a research note on Tuesday, February 4th. Finally, Societe Generale reduced their target price on shares of BP from GBX 560 ($7.37) to GBX 525 ($6.91) and set a buy rating on the stock in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of GBX 601.47 ($7.91).
BP opened at GBX 456.85 ($6.01) on Thursday. BP has a fifty-two week low of GBX 4.69 ($0.06) and a fifty-two week high of GBX 583.40 ($7.67). The company has a debt-to-equity ratio of 76.90, a current ratio of 1.12 and a quick ratio of 0.66. The firm’s fifty day moving average price is GBX 482.31 and its two-hundred day moving average price is GBX 495.57. The company has a market capitalization of $92.53 billion and a P/E ratio of 23.19.
In other BP news, insider Brian Gilvary purchased 65 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was acquired at an average cost of GBX 492 ($6.47) per share, with a total value of £319.80 ($420.68).
BP Company Profile
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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