BP (LON:BP) Rating Reiterated by Morgan Stanley

BP (LON:BPGet Rating)‘s stock had its “overweight” rating reiterated by research analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday, Digital Look reports.

Several other research firms also recently weighed in on BP. Citigroup reiterated a “neutral” rating and issued a GBX 375 ($4.62) target price on shares of BP in a report on Monday, February 28th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 450 ($5.55) price target on shares of BP in a research note on Wednesday. Barclays restated an “overweight” rating and issued a GBX 700 ($8.63) price target on shares of BP in a research note on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 700 ($8.63) price target on shares of BP in a research note on Wednesday, May 4th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 500 ($6.16) price target on shares of BP in a research note on Wednesday, May 4th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 509.38 ($6.28).

BP stock opened at GBX 404.95 ($4.99) on Wednesday. BP has a fifty-two week low of GBX 275.85 ($3.40) and a fifty-two week high of GBX 430.75 ($5.31). The company has a debt-to-equity ratio of 77.17, a quick ratio of 0.73 and a current ratio of 1.15. The firm has a 50 day moving average price of GBX 383.25 and a 200 day moving average price of GBX 368.79. The company has a market capitalization of £79.08 billion and a PE ratio of 13.41.

In other news, insider Murray Auchincloss acquired 95 shares of the firm’s stock in a transaction dated Monday, April 11th. The stock was acquired at an average cost of GBX 391 ($4.82) per share, with a total value of £371.45 ($457.96). Also, insider Bernard Looney acquired 83 shares of the firm’s stock in a transaction dated Thursday, March 10th. The shares were purchased at an average cost of GBX 372 ($4.59) per share, with a total value of £308.76 ($380.67). Over the last ninety days, insiders have bought 268 shares of company stock valued at $104,921.

BP Company Profile (Get Rating)

BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen and carbon capture and storage.

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Analyst Recommendations for BP (LON:BP)

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