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 Ratings reports. They currently have a GBX 480 ($6.06) target price on the oil and gas exploration company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 6.19% from the stock’s current price.

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

BP Stock Performance

Shares of BP opened at GBX 452 ($5.71) on Thursday. The firm has a market capitalization of £87.97 billion, a PE ratio of 33.76, 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 current ratio of 1.22 and a quick ratio of 0.62. The company has a 50-day simple moving average of GBX 419.14 and a two-hundred day simple moving average of GBX 409.06. BP has a one year low of GBX 379.70 ($4.80) and a one year high of GBX 562.30 ($7.10).

Insider Activity

In other BP news, insider Murray Auchincloss bought 88 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average price of GBX 423 ($5.34) per share, with a total value of £372.24 ($470.30). Insiders have purchased a total of 270 shares of company stock valued at $112,325 in the last ninety days. 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.