BP plc’s (BP) Neutral Rating Reaffirmed at Goldman Sachs Group Inc.
Several other brokerages have also commented on BP. Societe Generale lowered BP plc to a hold rating and set a GBX 500 ($6.20) price objective for the company. in a report on Wednesday, November 2nd. Barclays PLC reiterated an overweight rating and set a GBX 600 ($7.44) price objective on shares of BP plc in a report on Tuesday, September 20th. Jefferies Group reiterated a hold rating and set a GBX 400 ($4.96) price objective on shares of BP plc in a report on Tuesday, August 2nd. Bank of America Corp. upgraded BP plc to a neutral rating and increased their price objective for the company from GBX 470 ($5.83) to GBX 510 ($6.33) in a report on Wednesday, November 2nd. Finally, Kepler Capital Markets increased their price objective on BP plc from GBX 430 ($5.33) to GBX 450 ($5.58) and gave the company a hold rating in a report on Tuesday, November 8th. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 468.12 ($5.81).
Shares of BP plc (LON:BP) opened at 444.25 on Monday. The company’s market cap is GBX 84.02 billion. BP plc has a 12-month low of GBX 249.44 and a 12-month high of GBX 498.45. The firm’s 50-day moving average price is GBX 467.88 and its 200 day moving average price is GBX 428.84.
In other news, insider Brian Gilvary purchased 68 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was purchased at an average cost of GBX 458 ($5.68) per share, with a total value of £311.44 ($386.35).
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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