Barclays reissued their buy rating on shares of BP (LON:BP) in a report published on Tuesday, Borsen Zeitung reports. The firm currently has a GBX 650 ($8.55) price target on the oil and gas exploration company’s stock.
Several other brokerages have also commented on BP. Societe Generale decreased their price objective on shares of BP from GBX 560 ($7.37) to GBX 525 ($6.91) and set a buy rating for the company in a report on Thursday, February 6th. Royal Bank of Canada restated a buy rating and issued a GBX 550 ($7.23) price objective on shares of BP in a report on Monday, February 3rd. Citigroup restated a buy rating on shares of BP in a report on Wednesday, February 5th. Credit Suisse Group decreased their price objective on shares of BP from GBX 605 ($7.96) to GBX 570 ($7.50) and set a neutral rating for the company in a report on Wednesday, February 5th. Finally, Main First Bank assumed coverage on shares of BP in a report on Wednesday, December 4th. They issued an outperform rating and a GBX 620 ($8.16) price objective for the company. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of GBX 601.47 ($7.91).
LON:BP opened at GBX 456.85 ($6.01) on Tuesday. The company has a fifty day moving average of GBX 482.31 and a 200 day moving average of GBX 495.57. BP has a 52 week low of GBX 4.69 ($0.06) and a 52 week high of GBX 583.40 ($7.67). The company has a quick ratio of 0.66, a current ratio of 1.12 and a debt-to-equity ratio of 76.90. The firm has a market capitalization of $93.73 billion and a P/E ratio of 23.19.
In other BP news, insider Brian Gilvary bought 65 shares of BP stock in a transaction dated Friday, January 10th. The shares were purchased at an average cost of GBX 492 ($6.47) per share, with a total value of £319.80 ($420.68).
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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