BP plc Receives a Buy from Scotiabank

By Ryan Adsit

In a report released yesterday, Blake Fernandez from Scotiabank maintained a Buy rating on BP plc (NYSE: BP), with a price target of $37. The company’s shares opened today at $34.86.

According to TipRanks.com, Fernandez is a 3-star analyst with an average return of 2.0% and a 53.5% success rate. Fernandez covers the Basic Materials sector, focusing on stocks such as Royal Dutch Shell A, Hollyfrontier Corp, and Valero Energy Corp.

BP plc has an analyst consensus of Moderate Buy, with a price target consensus of $36.45.

BP plc’s market cap is currently $114.3B and has a P/E ratio of 57.24. The company has a book value ratio of 1.1690.

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