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Berenberg Bank Reiterates Hold Rating on BP (LON:BP)

Berenberg Bank Reiterates Hold Rating on BP (LON:BP)


Blood pressure (LON:BPGet a Free Report)Berenberg Bank analysts reiterated their “hold” rating on the stock in a note to investors on Tuesday. Marketbeat Ratings reports. They currently have a target price of GBX 510 ($6.53) on the oil and gas exploration company’s stock. Berenberg Bank’s price target suggests a potential upside of 12.27% from the company’s previous close.

Several other research analysts have also recently reported on the stock. Morgan Stanley reaffirmed its “overweight” rating on shares of BP in a report on Tuesday, May 14. Royal Bank of Canada reaffirmed its “outperform” rating and gave a target price of GBX 650 ($8.33) on BP shares in a report on Tuesday, June 18. Bank of America reaffirmed its “neutral” rating and gave a target price of GBX 500 ($6.40) on BP shares in a report on Monday, April 22. Finally, Barclays reaffirmed its “overweight” rating and gave a target price of GBX 1,000 ($12.81) on BP shares in a report on Monday, April 8. Two investment analysts rated the stock with a sell rating, two with a hold rating, and four with a buy rating. The stock currently has an average rating of “Hold” and an average target price of GBX632.14 ($8.10), according to MarketBeat.

Check out our latest stock analysis on BP

BP Trades Down 4.3%

LON BP On Tuesday, GBX opened at ₹454.25 ($5.82). The stock has a market capitalization of ₹75.95 billion, a P/E ratio of ₹1,056.40, a P/E/G ratio of 0.35 and a beta of 0.54. BP has a 52-week low of GBX ₹441.05 ($5.65) and a 52-week high of GBX ₹562.30 ($7.20). The company’s 50-day moving average price is ₹482.22 and its 200-day moving average price is ₹482.08. The company has a quick ratio of 0.62, a current ratio of 1.23 and a debt-to-equity ratio of 75.43.

Insider Trading at BP

In other BP news, insider Hina Nagarajan bought 5,000 shares of BP stock in a transaction that occurred on Wednesday, June 5. The shares were purchased at an average price of GBX460 ($5.89) per share, for a total transaction of £23,000 ($29,460.74). Insiders have purchased 5,012 shares of the company in the last 90 days worth $2,305,761. 0.28% of the stock is currently owned by insiders.

About BP

(Get a Free Report)

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

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