BP plc (BP) PT Set at GBX 505 by Deutsche Bank AG
BP plc (LON:BP) has been given a GBX 505 ($6.15) target price by investment analysts at Deutsche Bank AG in a report issued on Tuesday. The brokerage presently has a a “neutral” rating on the oil and gas exploration company’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 4.39% from the stock’s previous close.
Other research analysts have also issued reports about the company. Citigroup Inc. restated a “buy” rating on shares of BP plc in a research report on Wednesday, June 22nd. HSBC restated a “buy” rating and set a GBX 430 ($5.24) price target on shares of BP plc in a research report on Monday, June 20th. Societe Generale set a GBX 480 ($5.85) price target on BP plc and gave the stock a “buy” rating in a research report on Monday, July 4th. Sanford C. Bernstein set a GBX 480 ($5.85) price target on BP plc and gave the stock a “buy” rating in a research report on Monday, June 27th. Finally, Barclays PLC set a GBX 565 ($6.89) price target on BP plc and gave the stock a “buy” rating in a research report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the stock. BP plc presently has an average rating of “Hold” and a consensus target price of GBX 454.44 ($5.54).
BP plc (LON:BP) opened at 488.55 on Tuesday. The company’s 50-day moving average price is GBX 445.59 and its 200 day moving average price is GBX 406.90. BP plc has a 52 week low of GBX 249.44 and a 52 week high of GBX 498.45. The stock’s market capitalization is GBX 91.74 billion.
In related news, insider Brian Gilvary acquired 65 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was purchased at an average cost of GBX 486 ($5.92) per share, for a total transaction of £315.90 ($385.01).
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.
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