BP (LON:BP) Stock Rating Reaffirmed by Deutsche Bank

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BP (LON:BP)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently issued reports on BP. Societe Generale reiterated a “hold” rating on shares of KONE OYJ/ADR in a report on Thursday, May 2nd. Kepler Capital Markets set a €70.00 ($81.40) price objective on shares of Bayer and gave the stock a “neutral” rating in a report on Thursday, June 27th. Credit Suisse Group initiated coverage on shares of LTC Properties in a report on Wednesday. They issued an “underperform” rating and a $19.00 price objective for the company. HSBC upgraded shares of AU Optronics from a “reduce” rating to a “hold” rating in a report on Wednesday. Finally, Sanford C. Bernstein cut shares of Encana from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 650 ($8.49).

Shares of LON:BP opened at GBX 546 ($7.13) on Friday. The company has a market capitalization of $111.34 billion and a PE ratio of 11.19. BP has a 1 year low of GBX 481.35 ($6.29) and a 1 year high of GBX 603.20 ($7.88). The stock has a fifty day simple moving average of GBX 546.35. The company has a debt-to-equity ratio of 87.27, a current ratio of 1.02 and a quick ratio of 0.66.

In other news, insider Brian Gilvary bought 58 shares of the business’s stock in a transaction on Monday, June 10th. The stock was purchased at an average price of GBX 552 ($7.21) per share, with a total value of £320.16 ($418.35). In the last three months, insiders have acquired 174 shares of company stock valued at $94,192.

About BP

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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