Goldman Sachs Group Reiterates Buy Rating for BP (LON:BP)
BP (LON:BP)‘s stock had its “buy” rating reiterated by stock analysts at Goldman Sachs Group in a research note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued reports about the stock. Morgan Stanley reiterated an “outperform” rating on shares of BP in a report on Friday, February 14th. Liberum Capital dropped their target price on shares of BP from GBX 560 ($7.37) to GBX 540 ($7.10) and set a “buy” rating on the stock in a report on Friday, February 7th. BNP Paribas dropped their target price on shares of BP from GBX 600 ($7.89) to GBX 430 ($5.66) and set an “outperform” rating on the stock in a report on Tuesday, March 10th. Sanford C. Bernstein dropped their target price on shares of BP from GBX 700 ($9.21) to GBX 470 ($6.18) and set an “outperform” rating on the stock in a report on Monday, March 9th. Finally, Royal Bank of Canada downgraded shares of BP from an “outperform” rating to an “underperform” rating in a report on Monday, March 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 508.89 ($6.69).
Shares of LON:BP traded up GBX 10.95 ($0.14) during trading on Wednesday, reaching GBX 251.70 ($3.31). The company had a trading volume of 131,692,992 shares, compared to its average volume of 35,510,000. The company has a debt-to-equity ratio of 76.90, a quick ratio of 0.66 and a current ratio of 1.12. The firm’s fifty day moving average is GBX 408.12 and its 200 day moving average is GBX 473.31. BP has a twelve month low of GBX 4.69 ($0.06) and a twelve month high of GBX 583.40 ($7.67). The firm has a market capitalization of $51.00 billion and a PE ratio of 12.78.
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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