BP (LON:BP) Stock Rating Reaffirmed by Royal Bank of Canada

BP (LON:BP)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank of Canada in a report issued on Thursday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also weighed in on the stock. Deutsche Bank boosted their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Societe Generale reiterated a “hold” rating on shares of KONE OYJ/ADR in a report on Thursday, May 2nd. Barclays reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. UBS Group boosted their target price on shares of Spotify Technology from $180.00 to $182.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $69.00 target price on shares of Daimler in a report on Friday, July 12th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. BP presently has a consensus rating of “Buy” and a consensus target price of GBX 650 ($8.49).

BP opened at GBX 517.70 ($6.76) on Thursday. The firm has a market capitalization of $105.57 billion and a price-to-earnings ratio of 10.61. BP has a twelve month low of GBX 481.35 ($6.29) and a twelve month high of GBX 603.20 ($7.88). The stock’s 50-day simple moving average is GBX 545.01. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 87.27.

In other news, insider Brian Gilvary bought 58 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of GBX 552 ($7.21) per share, for a total transaction of £320.16 ($418.35). Insiders acquired a total of 174 shares of company stock worth $94,192 over the last quarter.

About BP

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Analyst Recommendations for BP (LON:BP)

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