BP (LON:BP)‘s stock had its “underperform” rating restated by stock analysts at Royal Bank of Canada in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also recently weighed in on BP. BNP Paribas lowered their price target on shares of BP from GBX 600 ($7.64) to GBX 430 ($5.47) and set an “outperform” rating on the stock in a report on Tuesday, March 10th. Sanford C. Bernstein restated a “buy” rating and issued a GBX 470 ($5.98) target price on shares of BP in a research note on Monday, March 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 320 ($4.07) price target on shares of BP in a research report on Monday, June 15th. Barclays reiterated an “overweight” rating on shares of BP in a report on Wednesday, April 29th. Finally, Morgan Stanley downgraded BP to a “sell” rating and boosted their target price for the stock from GBX 245 ($3.12) to GBX 260 ($3.31) in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 392.75 ($5.00).
Shares of BP opened at GBX 304.60 ($3.88) on Thursday. The company has a debt-to-equity ratio of 86.75, a quick ratio of 0.58 and a current ratio of 1.01. The company has a 50 day moving average price of GBX 319.74 and a 200-day moving average price of GBX 384.67. BP has a fifty-two week low of GBX 4.69 ($0.06) and a fifty-two week high of GBX 563 ($7.17). The stock has a market capitalization of $63.30 billion and a PE ratio of -18.92.
In other BP news, insider Bernard Looney purchased 88 shares of BP stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average price of GBX 353 ($4.49) per share, with a total value of £310.64 ($395.37). Over the last three months, insiders have bought 281 shares of company stock worth $93,912.
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).
Recommended Story: Options Trading
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.