Berenberg Bank Analysts Give BP PLC 9 Percent Preferred Shares (LON:BP.B) a GBX 500 Price Target

Berenberg Bank set a GBX 500 ($6.13) price target on BP PLC 9 Percent Preferred Shares (LON:BP.B – Get Rating) in a research note released on Friday morning, Borsen Zeitung reports.

Other analysts also recently issued research reports about the company. Morgan Stanley set a GBX 540 ($6.62) target price on BP PLC 9 Percent Preferred Shares in a research report on Wednesday, May 11th. UBS Group set a GBX 490 ($6.00) price target on BP PLC 9 Percent Preferred Shares in a research report on Tuesday. The Goldman Sachs Group set a GBX 610 ($7.47) price target on BP PLC 9 Percent Preferred Shares in a research report on Tuesday. Credit Suisse Group set a GBX 440 ($5.39) price target on BP PLC 9 Percent Preferred Shares in a research report on Thursday, July 21st. Finally, Barclays set a GBX 700 ($8.58) price target on BP PLC 9 Percent Preferred Shares in a research report on Wednesday, May 4th.

BP PLC 9 Percent Preferred Shares Stock Performance

Shares of BP PLC 9 Percent Preferred Shares stock opened at GBX 181.50 ($2.22) on Friday. The firm has a market cap of £36.31 billion and a price-to-earnings ratio of -2.54. The stock’s 50-day moving average is GBX 173.89 and its 200-day moving average is GBX 175.13. BP PLC 9 Percent Preferred Shares has a one year low of GBX 166 ($2.03) and a one year high of GBX 197 ($2.41). The company has a debt-to-equity ratio of 74.69, a current ratio of 1.16 and a quick ratio of 0.66.

About BP PLC 9 Percent Preferred Shares

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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).