BP (LON:BP) Price Target Raised to GBX 470

BP (LON:BP) had its price objective upped by research analysts at Royal Bank Of Canada from GBX 450 to GBX 470 in a report issued on Wednesday, August 6th, Marketbeat.com reports. The brokerage presently has a “sector perform” rating on the oil and gas exploration company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 12.05% from the stock’s current price.

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 390 price target on shares of BP in a research report on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, BP has a consensus rating of “Hold” and a consensus price target of GBX 460.

BP Price Performance

LON:BP traded down GBX 1.95 during trading hours on Wednesday, reaching GBX 419.45. 14,316,468 shares of the company were exchanged, compared to its average volume of 8,560,774. The business has a 50 day moving average of GBX 393.80 and a 200 day moving average of GBX 395.27. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30. The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62. The company has a market capitalization of £81.64 billion, a P/E ratio of 31.33, a P/E/G ratio of 0.35 and a beta of 0.49.

Insider Transactions at BP

In other news, insider Murray Auchincloss purchased 97 shares of the business’s stock in a transaction on Thursday, July 10th. The stock was purchased at an average cost of GBX 385 per share, with a total value of £373.45. In the last 90 days, insiders have purchased 117 shares of company stock valued at $45,074. Corporate 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.