Credit Suisse Group lowered shares of BP (LON:BP) from an outperform rating to a neutral rating in a research note published on Wednesday, Borsen Zeitung reports. They currently have GBX 605 ($7.91) price target on the oil and gas exploration company’s stock.
A number of other research firms have also weighed in on BP. Barclays reissued a buy rating on shares of Alphabet in a research note on Tuesday, April 30th. Kepler Capital Markets set a €70.00 ($81.40) price objective on Bayer and gave the stock a neutral rating in a research note on Thursday, June 27th. HSBC raised AU Optronics from a reduce rating to a hold rating in a research note on Wednesday. Societe Generale reissued a hold rating on shares of KONE OYJ/ADR in a research note on Thursday, May 2nd. Finally, UBS Group boosted their price objective on Spotify Technology from $180.00 to $182.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. BP currently has an average rating of Buy and an average price target of GBX 650 ($8.49).
LON BP opened at GBX 546 ($7.13) on Wednesday. The stock’s fifty day moving average is GBX 546.35. The firm has a market capitalization of $111.34 billion and a price-to-earnings ratio of 11.19. The company has a debt-to-equity ratio of 87.27, a current ratio of 1.02 and a quick ratio of 0.66. BP has a fifty-two week low of GBX 481.35 ($6.29) and a fifty-two week high of GBX 603.20 ($7.88).
In other BP news, insider Brian Gilvary bought 58 shares of BP stock in a transaction on Wednesday, July 10th. The shares were bought at an average price of GBX 546 ($7.13) per share, for a total transaction of £316.68 ($413.80). Insiders acquired 174 shares of company stock worth $94,192 in the last 90 days.
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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