BP (LON:BP) Given Buy Rating at Goldman Sachs Group
Goldman Sachs Group reiterated their buy rating on shares of BP (LON:BP) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports.
Other research analysts also recently issued research reports about the stock. Berenberg Bank reaffirmed a hold rating on shares of BP in a research note on Monday, February 24th. DZ Bank raised shares of BP to a hold rating in a research report on Wednesday, March 11th. UBS Group reissued a buy rating and set a GBX 445 ($5.85) target price (down previously from GBX 570 ($7.50)) on shares of BP in a research report on Tuesday. Royal Bank of Canada downgraded shares of BP from an outperform rating to an underperform rating in a research report on Monday, March 16th. Finally, Morgan Stanley reissued an outperform rating on shares of BP in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of GBX 508.89 ($6.69).
Shares of LON BP traded up GBX 10.95 ($0.14) on Wednesday, reaching GBX 251.70 ($3.31). 131,692,992 shares of the company traded hands, compared to its average volume of 35,510,000. BP has a fifty-two week low of GBX 4.69 ($0.06) and a fifty-two week high of GBX 583.40 ($7.67). The company has a 50 day moving average of GBX 408.12 and a 200 day moving average of GBX 473.31. The company has a current ratio of 1.12, a quick ratio of 0.66 and a debt-to-equity ratio of 76.90. The stock has a market capitalization of $51.00 billion and a PE ratio of 12.78.
In related news, insider Brian Gilvary purchased 65 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was purchased at an average price of GBX 492 ($6.47) per share, for a total transaction of £319.80 ($420.68).
BP Company Profile
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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