BP (LON:BP) Price Target Raised to GBX 720

by · The Cerbat Gem

BP (LON:BP – Free Report) had its price target upped by Berenberg Bank from GBX 715 to GBX 720 in a report issued on Monday,Digital Look reports. Berenberg Bank currently has a buy rating on the oil and gas exploration company’s stock.

Other analysts have also issued research reports about the stock. UBS Group restated a “buy” rating on shares of BP in a research report on Monday, September 28th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 520 target price on shares of BP in a research note on Wednesday, October 14th. Royal Bank Of Canada reiterated a “buy” rating on shares of BP in a report on Thursday, September 24th. Finally, JPMorgan Chase & Co. upgraded BP from a “neutral” rating to an “overweight” rating and increased their price target for the company from GBX 550 to GBX 675 in a research note on Wednesday, September 23rd. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BP has a consensus rating of “Moderate Buy” and an average target price of GBX 653.75.

View Our Latest Stock Analysis on BP

BP Trading Down 1.8%

Shares of BP stock opened at GBX 589.30 on Monday. The firm has a market capitalization of £114.69 billion, a PE ratio of 44.02, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The company has a current ratio of 1.29, a quick ratio of 0.62 and a debt-to-equity ratio of 111.97. The firm’s 50 day moving average is GBX 573.66 and its 200 day moving average is GBX 534.10. BP has a 1 year low of GBX 379.70 and a 1 year high of GBX 562.30.

BP Company Profile

(Get Free Report)

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. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business.

Further Reading