BP (LON:BP) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

BP (LON:BPGet Rating)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Wednesday, August 3rd, Marketbeat.com reports. They currently have a GBX 472 ($5.70) target price on the oil and gas exploration company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 10.67% from the company’s current price.

A number of other research firms have also weighed in on BP. Berenberg Bank boosted their target price on BP from GBX 500 ($6.04) to GBX 510 ($6.16) and gave the company a “buy” rating in a research note on Friday, June 10th. Morgan Stanley reissued an “overweight” rating and issued a GBX 540 ($6.52) target price (up previously from GBX 490 ($5.92)) on shares of BP in a research note on Wednesday, May 11th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 450 ($5.44) target price on shares of BP in a research note on Thursday, May 26th. JPMorgan Chase & Co. boosted their target price on BP from GBX 500 ($6.04) to GBX 530 ($6.40) and gave the company an “overweight” rating in a research note on Friday, July 15th. Finally, Barclays reissued an “overweight” rating and issued a GBX 700 ($8.46) target price on shares of BP in a research note on Tuesday, July 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, BP presently has an average rating of “Moderate Buy” and a consensus price target of GBX 520.29 ($6.29).

BP Price Performance

BP stock traded up GBX 1 ($0.01) during mid-day trading on Wednesday, hitting GBX 426.50 ($5.15). 34,126,540 shares of the stock were exchanged, compared to its average volume of 8,560,774. The company has a debt-to-equity ratio of 74.69, a current ratio of 1.16 and a quick ratio of 0.66. The business has a fifty day moving average price of GBX 399.39 and a 200 day moving average price of GBX 396.30. BP has a 12 month low of GBX 286.10 ($3.46) and a 12 month high of GBX 456 ($5.51). The stock has a market capitalization of £80.90 billion and a price-to-earnings ratio of -5.97.

Insider Activity at BP

In other BP news, insider Murray Auchincloss purchased 82 shares of BP stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average price of GBX 448 ($5.41) per share, for a total transaction of £367.36 ($443.89). In other news, insider Bernard Looney bought 75 shares of BP stock in a transaction on Wednesday, August 10th. The shares were purchased at an average price of GBX 423 ($5.11) per share, for a total transaction of £317.25 ($383.34). Also, insider Murray Auchincloss bought 82 shares of BP stock in a transaction on Friday, June 10th. The shares were purchased at an average price of GBX 448 ($5.41) per share, for a total transaction of £367.36 ($443.89). Insiders have acquired a total of 20,255 shares of company stock worth $8,226,387 in the last 90 days.

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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