Royal Bank Of Canada Reaffirms “Sector perform” Rating for BP (LON:BP)

BP (LON:BP)‘s stock had its “sector perform” rating reiterated by Royal Bank Of Canada in a research note issued on Friday, MarketBeat.com reports. They presently have a GBX 470 price objective on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 8.77% from the company’s current price.

BP has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on BP from GBX 420 to GBX 440 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Jefferies Financial Group restated a “hold” rating and set a GBX 390 price objective on shares of BP in a report on Tuesday, August 5th. Finally, Berenberg Bank upgraded BP from a “hold” rating to a “buy” rating and upped their price objective for the stock from GBX 385 to GBX 500 in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 460.

BP Trading Up 0.7%

BP stock opened at GBX 432.10 on Friday. The company has a market cap of £84.10 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 0.35 and a beta of 0.49. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65. The business has a fifty day simple moving average of GBX 401.40 and a 200-day simple moving average of GBX 394.81. BP has a 52 week low of GBX 379.70 and a 52 week high of GBX 562.30.

Insiders Place Their Bets

In other news, insider Murray Auchincloss acquired 97 shares of the firm’s stock in a transaction on Thursday, July 10th. The stock was bought at an average cost of GBX 385 per share, with a total value of £373.45. Over the last three months, insiders have bought 117 shares of company stock valued at $45,074. Corporate insiders own 0.26% of the company’s stock.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.