BP plc (BP) Stock Rating Reaffirmed by Barclays PLC
BP plc (LON:BP)‘s stock had its “overweight” rating reaffirmed by Barclays PLC in a research note issued on Friday. They currently have a GBX 600 ($7.50) price target on the oil and gas exploration company’s stock. Barclays PLC’s target price points to a potential upside of 38.42% from the company’s previous close.
A number of other research firms have also recently commented on BP. JPMorgan Chase & Co. upped their price target on BP plc from GBX 495 ($6.18) to GBX 530 ($6.62) and gave the stock an “overweight” rating in a research note on Wednesday, November 2nd. Beaufort Securities restated a “buy” rating on shares of BP plc in a research note on Wednesday, November 2nd. Canaccord Genuity decreased their price target on BP plc from GBX 550 ($6.87) to GBX 530 ($6.62) and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Citigroup Inc. restated a “buy” rating on shares of BP plc in a research note on Wednesday, July 27th. Finally, Deutsche Bank AG restated a “hold” rating and set a GBX 505 ($6.31) price target on shares of BP plc in a research note on Wednesday, November 2nd. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. BP plc has a consensus rating of “Hold” and an average price target of GBX 468.12 ($5.85).
Shares of BP plc (LON:BP) opened at 433.45 on Friday. The stock has a 50 day moving average price of GBX 468.80 and a 200-day moving average price of GBX 422.77. The firm’s market cap is GBX 81.98 billion. BP plc has a 52-week low of GBX 249.44 and a 52-week high of GBX 498.45.
In related news, insider Brian Gilvary purchased 68 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were bought at an average price of GBX 458 ($5.72) per share, for a total transaction of £311.44 ($389.11).
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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