BP’s (BP) “Sector perform” Rating Reaffirmed at Royal Bank of Canada

BP (LON:BP)‘s stock had its “sector perform” rating reaffirmed by Royal Bank of Canada in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 480 ($6.06) target price on the oil and gas exploration company’s stock. Royal Bank of Canada’s price target points to a potential upside of 6.19% from the stock’s current price.

BP has been the subject of a number of other reports. Berenberg Bank decreased their target price on BP from GBX 470 ($5.94) to GBX 440 ($5.56) and set a “hold” rating for the company in a research report on Friday, November 29th. JPMorgan Chase & Co. upped their price target on BP from GBX 425 ($5.37) to GBX 440 ($5.56) and gave the stock an “underweight” rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 540 ($6.82) price objective on shares of BP in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 578.33 ($7.31).

BP Stock Down 1.1 %

Shares of BP opened at GBX 452 ($5.71) on Thursday. BP has a 12-month low of GBX 379.70 ($4.80) and a 12-month high of GBX 562.30 ($7.10). The firm has a fifty day moving average price of GBX 419.14 and a 200-day moving average price of GBX 409.06. The firm has a market capitalization of £87.97 billion, a P/E ratio of 33.76, a P/E/G ratio of 0.35 and a beta of 0.49. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65.

Insiders Place Their Bets

In other BP news, insider Murray Auchincloss purchased 88 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average price of GBX 423 ($5.34) per share, for a total transaction of £372.24 ($470.30). In the last three months, insiders have purchased 270 shares of company stock valued at $112,325. Company 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.