BP (LON:BP) has been given a GBX 625 ($8.17) price target by JPMorgan Chase & Co. in a report released on Wednesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 24.25% from the company’s current price.
A number of other research firms also recently commented on BP. Morgan Stanley reissued an “overweight” rating on shares of BP in a research report on Friday, August 30th. Sanford C. Bernstein set a GBX 710 ($9.28) price target on shares of BP and gave the company a “buy” rating in a report on Friday, October 4th. Credit Suisse Group restated a “neutral” rating and issued a GBX 605 ($7.91) price target on shares of BP in a report on Monday, October 14th. 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 Monday, October 14th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of BP in a report on Monday, October 14th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of GBX 635.67 ($8.31).
LON BP opened at GBX 503 ($6.57) on Wednesday. The company has a debt-to-equity ratio of 75.21, a quick ratio of 0.69 and a current ratio of 1.07. The company has a market capitalization of $102.47 billion and a price-to-earnings ratio of 11.48. The company’s 50-day simple moving average is GBX 503.74 and its two-hundred day simple moving average is GBX 530.96. BP has a one year low of GBX 5.08 ($0.07) and a one year high of GBX 583.40 ($7.62).
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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