BP plc (BP) Rating Reiterated by Barclays PLC
BP plc (LON:BP)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays PLC in a research report issued on Tuesday. They presently have a GBX 600 ($7.83) price objective on the oil and gas exploration company’s stock. Barclays PLC’s target price suggests a potential upside of 30.89% from the company’s previous close.
Several other research analysts have also weighed in on the company. HSBC reissued a “buy” rating and issued a GBX 495 ($6.46) price objective on shares of BP plc in a research report on Wednesday, September 7th. Jefferies Group reissued a “hold” rating and issued a GBX 400 ($5.22) price objective on shares of BP plc in a research report on Wednesday, September 7th. Kepler Capital Markets set a GBX 430 ($5.61) target price on BP plc and gave the company a “neutral” rating in a research report on Tuesday, September 6th. Royal Bank Of Canada reaffirmed a “sector performer” rating and issued a GBX 450 ($5.87) target price on shares of BP plc in a research report on Tuesday, September 6th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 520 ($6.79) target price on shares of BP plc in a research report on Tuesday, September 6th. 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 440.72 ($5.75).
Shares of BP plc (LON:BP) opened at 458.40 on Tuesday. The firm’s market capitalization is GBX 86.07 billion. The stock has a 50 day moving average price of GBX 431.82 and a 200-day moving average price of GBX 398.32. BP plc has a 52-week low of GBX 249.44 and a 52-week high of GBX 464.40.
In other news, insider Gilvary,Brian purchased 70 shares of the firm’s stock in a transaction dated Monday, July 11th. The shares were purchased at an average price 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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