Barclays PLC Reiterates Overweight Rating for BP plc (BP)
BP plc (LON:BP)‘s stock had its “overweight” rating reissued by equities researchers at Barclays PLC in a report released on Monday. They currently have a GBX 600 ($7.31) target price on the oil and gas exploration company’s stock. Barclays PLC’s target price points to a potential upside of 23.48% from the stock’s previous close.
BP has been the topic of several other reports. Goldman Sachs Group Inc. set a GBX 418 ($5.09) price objective on shares of BP plc and gave the company a “neutral” rating in a research note on Wednesday, October 5th. Jefferies Group restated a “hold” rating and set a GBX 400 ($4.88) target price on shares of BP plc in a research report on Wednesday, September 7th. Canaccord Genuity restated a “buy” rating and set a GBX 520 ($6.34) target price on shares of BP plc in a research report on Tuesday, September 6th. HSBC restated a “buy” rating and set a GBX 495 ($6.03) target price on shares of BP plc in a research report on Wednesday, September 7th. Finally, Credit Suisse Group AG restated a “neutral” rating and set a GBX 430 ($5.24) target price on shares of BP plc in a research report on Monday, July 4th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. BP plc has a consensus rating of “Hold” and an average price target of GBX 454.44 ($5.54).
Shares of BP plc (LON:BP) opened at 489.03 on Monday. The company’s 50-day moving average is GBX 446.68 and its 200 day moving average is GBX 407.85. BP plc has a 52-week low of GBX 249.44 and a 52-week high of GBX 498.45. The firm’s market capitalization is GBX 91.83 billion.
In other BP plc news, insider Brian Gilvary bought 65 shares of BP plc stock in a transaction dated Monday, October 10th. The stock was bought 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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