BP plc (BP) Given Average Recommendation of “Hold” by Brokerages
BP plc (LON:BP) has earned a consensus recommendation of “Hold” from the twenty-six ratings firms that are presently covering the firm. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 470.54 ($5.83).
Several research analysts have recently issued reports on the stock. Macquarie reiterated a “neutral” rating and set a GBX 425 ($5.26) price target on shares of BP plc in a report on Monday, August 1st. BNP Paribas reiterated an “outperform” rating and set a GBX 530 ($6.57) price target (up from GBX 350 ($4.34)) on shares of BP plc in a report on Tuesday, October 11th. Liberum Capital reiterated a “hold” rating and set a GBX 433 ($5.36) price target on shares of BP plc in a report on Monday, October 31st. Barclays PLC reiterated an “overweight” rating and set a GBX 600 ($7.43) price target on shares of BP plc in a report on Friday. Finally, Societe Generale reiterated a “buy” rating and set a GBX 500 ($6.19) price target on shares of BP plc in a report on Wednesday, July 27th.
In related news, insider Brian Gilvary purchased 65 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was bought at an average price of GBX 486 ($6.02) per share, for a total transaction of £315.90 ($391.30).
Shares of BP plc (LON:BP) opened at 435.35 on Monday. The stock has a 50 day moving average price of GBX 467.97 and a 200-day moving average price of GBX 421.66. The company’s market capitalization is GBX 82.34 billion. BP plc has a one year low of GBX 249.43 and a one year high of GBX 498.45.
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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