BP plc’s (BP) “Overweight” Rating Reaffirmed at Barclays PLC
Barclays PLC reiterated their overweight rating on shares of BP plc (LON:BP) in a report issued on Tuesday morning. The brokerage currently has a GBX 600 ($7.83) price objective on the oil and gas exploration company’s stock.
A number of other research analysts have also recently commented on BP. Citigroup Inc. restated a buy rating on shares of BP plc in a research note on Wednesday, July 27th. Canaccord Genuity restated a buy rating and set a GBX 520 ($6.79) price objective on shares of BP plc in a research note on Wednesday, July 27th. Royal Bank Of Canada reaffirmed a sector performer rating and set a GBX 450 ($5.87) target price on shares of BP plc in a research report on Wednesday, July 27th. Beaufort Securities reaffirmed a buy rating on shares of BP plc in a research report on Wednesday, July 27th. Finally, Jefferies Group reaffirmed a hold rating and set a GBX 400 ($5.22) target price on shares of BP plc in a research report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 440.72 ($5.75).
BP plc (LON:BP) opened at 433.40 on Tuesday. BP plc has a 52 week low of GBX 249.44 and a 52 week high of GBX 464.40. The firm’s market cap is GBX 81.38 billion. The stock has a 50 day moving average price of GBX 429.44 and a 200 day moving average price of GBX 395.46.
In related news, insider Gilvary,Brian purchased 70 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were acquired at an average cost of GBX 457 ($5.97) per share, with a total value of £319.90 ($417.57).
About BP plc
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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