BP plc (LON:BP) Given Consensus Rating of “Hold” by Analysts
Shares of BP plc (LON:BP) have been assigned a consensus recommendation of “Hold” from the twenty-six brokerages that are currently covering the stock. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 437.64 ($5.71).
A number of equities research analysts have issued reports on the stock. Barclays PLC reiterated an “overweight” rating and issued a GBX 550 ($7.18) target price on shares of BP plc in a research report on Tuesday, June 14th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 520 ($6.79) target price on shares of BP plc in a research report on Wednesday, July 27th. Beaufort Securities reiterated a “buy” rating on shares of BP plc in a research report on Wednesday, July 27th. Citigroup Inc. upgraded shares of BP plc to a “buy” rating and increased their target price for the stock from GBX 370 ($4.83) to GBX 410 ($5.35) in a research report on Thursday, June 16th. Finally, HSBC set a GBX 505 ($6.59) target price on shares of BP plc and gave the stock a “buy” rating in a research report on Wednesday, July 13th.
Shares of BP plc (LON:BP) traded up 1.87% during mid-day trading on Monday, reaching GBX 458.40. 25,346,585 shares of the company were exchanged. The firm’s 50-day moving average is GBX 431.14 and its 200-day moving average is GBX 396.80. The company’s market capitalization is GBX 86.07 billion. BP plc has a 12 month low of GBX 249.44 and a 12 month high of GBX 464.40.
In related news, insider Gilvary,Brian bought 70 shares of the company’s stock in a transaction on Monday, July 11th. The stock was bought 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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