BP (LON:BP) Now Covered by Main First Bank

Research analysts at Main First Bank began coverage on shares of BP (LON:BP) in a report released on Wednesday, Stock Target Advisor reports. The brokerage set an “outperform” rating and a GBX 620 ($8.10) price target on the oil and gas exploration company’s stock. Main First Bank’s price target suggests a potential upside of 33.23% from the stock’s current price.

BP has been the subject of several other research reports. Morgan Stanley reiterated an “overweight” rating on shares of BP in a research report on Friday, August 30th. Jefferies Financial Group restated a “buy” rating and set a GBX 590 ($7.71) target price on shares of BP in a research report on Tuesday, October 29th. Berenberg Bank reaffirmed a “buy” rating on shares of BP in a research note on Tuesday, November 19th. Goldman Sachs Group set a GBX 730 ($9.54) price target on shares of BP and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Kepler Capital Markets reiterated a “buy” rating and issued a $650.00 price objective on shares of BP in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 617.50 ($8.07).

BP stock opened at GBX 465.35 ($6.08) on Wednesday. The company has a debt-to-equity ratio of 75.50, a current ratio of 1.17 and a quick ratio of 0.67. BP has a 1-year low of GBX 452.38 ($5.91) and a 1-year high of GBX 583.40 ($7.62). The company has a market cap of $94.48 billion and a PE ratio of 19.89. The stock’s 50 day moving average price is GBX 497.75 and its 200 day moving average price is GBX 518.11.

In related news, insider Brian Gilvary acquired 63 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of GBX 509 ($6.65) per share, for a total transaction of £320.67 ($419.01). Insiders have acquired a total of 186 shares of company stock valued at $94,242 over the last 90 days.

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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Analyst Recommendations for BP (LON:BP)

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