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

BP (LON:BP)‘s stock had its “sector perform” rating restated by investment analysts at Royal Bank Of Canada in a research report issued on Wednesday, MarketBeat.com reports. They presently have a GBX 470 target price on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 13.01% from the stock’s current price.

BP has been the topic of several other research reports. Berenberg Bank upgraded BP from a “hold” rating to a “buy” rating and upped their price target for the stock from GBX 385 to GBX 500 in a report on Wednesday, August 6th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 390 price objective on shares of BP in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on BP from GBX 420 to GBX 440 and gave the company a “neutral” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 450.

BP Price Performance

Shares of LON BP opened at GBX 415.90 on Wednesday. The stock’s 50-day moving average is GBX 425.19 and its two-hundred day moving average is GBX 392.34. The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30. The company has a market cap of £80.95 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49.

Insider Activity at BP

In other BP news, insider Amanda Blanc purchased 23,600 shares of BP stock in a transaction dated Friday, September 19th. The stock was acquired at an average cost of GBX 426 per share, with a total value of £100,536. Over the last ninety days, insiders purchased 23,617 shares of company stock valued at $10,060,861. 0.26% of the stock is owned by company insiders.

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.