BP plc (BP) Given a GBX 550 Price Target at Independent Research GmbH
BP plc (LON:BP) has been assigned a GBX 550 ($6.82) price target by stock analysts at Independent Research GmbH in a research report issued on Thursday. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. Independent Research GmbH’s target price points to a potential upside of 19.71% from the stock’s current price.
A number of other analysts have also commented on the company. Barclays PLC reiterated an “overweight” rating and set a GBX 600 ($7.44) price target on shares of BP plc in a report on Monday, October 10th. Societe Generale lowered BP plc to a “hold” rating and set a GBX 500 ($6.20) target price on the stock. in a research note on Wednesday, November 2nd. Credit Suisse Group AG upgraded BP plc to an “outperform” rating and boosted their target price for the company from GBX 480 ($5.95) to GBX 500 ($6.20) in a research note on Thursday. BNP Paribas restated an “outperform” rating and issued a GBX 530 ($6.57) target price (up from GBX 350 ($4.34)) on shares of BP plc in a research note on Tuesday, October 11th. Finally, HSBC boosted their target price on BP plc from GBX 495 ($6.14) to GBX 570 ($7.07) and gave the company a “buy” rating in a research note on Tuesday, October 11th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 471.32 ($5.85).
Shares of BP plc (LON:BP) opened at 467.80 on Thursday. The firm’s market capitalization is GBX 88.47 billion. BP plc has a 12-month low of GBX 249.44 and a 12-month high of GBX 498.45. The stock’s 50 day moving average price is GBX 467.88 and its 200 day moving average price is GBX 428.84.
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In related news, insider Brian Gilvary purchased 68 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were bought at an average price of GBX 458 ($5.68) per share, for a total transaction 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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