BP plc (LON:BP) Given a GBX 525 Price Target at UBS AG
BP plc (LON:BP) has been given a GBX 525 ($6.84) target price by equities research analysts at UBS AG in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. UBS AG’s price target points to a potential upside of 11.98% from the stock’s previous close.
BP has been the topic of several other reports. Morgan Stanley set a GBX 515 ($6.71) price objective on shares of BP plc and gave the company a “buy” rating in a report on Monday, April 24th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 480 ($6.25) price objective on shares of BP plc in a report on Thursday, July 13th. Deutsche Bank AG set a GBX 515 ($6.71) price objective on shares of BP plc and gave the company a “buy” rating in a report on Wednesday, May 24th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 525 ($6.84) price objective on shares of BP plc in a report on Wednesday, May 3rd. Finally, Barclays PLC reaffirmed an “overweight” rating and set a GBX 675 ($8.79) price objective on shares of BP plc in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. BP plc has an average rating of “Hold” and a consensus target price of GBX 506.50 ($6.60).
Shares of BP plc (BP) opened at 459.80 on Thursday. The firm has a 50-day moving average of GBX 451.60 and a 200-day moving average of GBX 459.45. The company’s market capitalization is GBX 90.76 billion. BP plc has a one year low of GBX 411.60 and a one year high of GBX 521.20.
In related news, insider Brian Gilvary purchased 70 shares of the company’s stock in a transaction on Monday, July 10th. The stock was acquired at an average cost of GBX 444 ($5.78) per share, for a total transaction of £310.80 ($404.74).
BP plc Company Profile
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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