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

Royal Bank of Canada reaffirmed their sector perform rating on shares of BP (LON:BP) in a report released on Thursday morning, Marketbeat.com reports. Royal Bank of Canada currently has a GBX 480 ($6.08) target price on the oil and gas exploration company’s stock.

Several other equities research analysts have also weighed in on BP. Berenberg Bank dropped their price target on BP from GBX 470 ($5.96) to GBX 440 ($5.58) and set a “hold” rating on the stock in a research report on Friday, November 29th. Jefferies Financial Group restated a “buy” rating and set a GBX 540 ($6.84) price target on shares of BP in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price target on BP from GBX 425 ($5.39) to GBX 440 ($5.58) and gave the company an “underweight” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, BP has a consensus rating of “Moderate Buy” and an average price target of GBX 578.33 ($7.33).

BP Trading Up 0.2 %

LON BP opened at GBX 463.30 ($5.87) on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65. BP has a twelve month low of GBX 379.70 ($4.81) and a twelve month high of GBX 562.30 ($7.12). The firm has a market capitalization of £90.17 billion, a PE ratio of 34.61, a P/E/G ratio of 0.35 and a beta of 0.49. The stock’s 50 day moving average is GBX 418.04 and its 200 day moving average is GBX 409.01.

Insiders Place Their Bets

In other BP news, insider Murray Auchincloss purchased 87 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was purchased at an average price of GBX 433 ($5.49) per share, for a total transaction of £376.71 ($477.33). Over the last three months, insiders have purchased 270 shares of company stock valued at $112,325. 0.26% of the stock is currently owned by corporate insiders.

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.