BP plc (BP) Given a GBX 418 Price Target by Goldman Sachs Group Inc. Analysts
Goldman Sachs Group Inc. set a GBX 418 ($5.46) target price on BP plc (LON:BP) in a research report released on Wednesday morning. The firm currently has a a neutral rating on the oil and gas exploration company’s stock.
Several other research firms also recently weighed in on BP. Barclays PLC restated an overweight rating and set a GBX 600 ($7.83) target price on shares of BP plc in a report on Tuesday, September 20th. Morgan Stanley upgraded shares of BP plc to an overweight rating and raised their target price for the company from GBX 420 ($5.48) to GBX 485 ($6.33) in a report on Thursday, June 30th. Jefferies Group restated a hold rating and set a GBX 400 ($5.22) target price on shares of BP plc in a report on Tuesday, August 2nd. S&P Global Inc. set a GBX 450 ($5.87) target price on shares of BP plc and gave the company a neutral rating in a report on Tuesday, July 26th. Finally, Credit Suisse Group AG reiterated a neutral rating and set a GBX 430 ($5.61) price target on shares of BP plc in a report on Monday, July 4th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 441.44 ($5.76).
Shares of BP plc (LON:BP) traded up 0.69% during trading on Wednesday, hitting GBX 475.25. 15,644,638 shares of the stock traded hands. BP plc has a 52-week low of GBX 249.44 and a 52-week high of GBX 476.50. The company’s 50 day moving average is GBX 433.75 and its 200 day moving average is GBX 399.89. The firm’s market cap is GBX 89.24 billion.
In other news, insider Gilvary,Brian acquired 70 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The shares were purchased at an average price of GBX 457 ($5.97) per share, for a total transaction of £319.90 ($417.57).
BP plc Company Profile
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.
Receive News & Stock Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related stocks with our FREE daily email newsletter.