BP plc (BP) Earns “Overweight” Rating from Barclays PLC
BP plc (LON:BP)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays PLC in a research note issued to investors on Monday.
Other equities analysts also recently issued research reports about the company. UBS AG set a GBX 525 ($6.82) target price on BP plc and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Deutsche Bank AG set a GBX 505 ($6.56) target price on BP plc and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Morgan Stanley set a GBX 515 ($6.69) target price on BP plc and gave the stock a “buy” rating in a research note on Monday, April 24th. Beaufort Securities restated a “buy” rating on shares of BP plc in a research note on Wednesday, May 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 525 ($6.82) price objective on shares of BP plc in a research note on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 506.50 ($6.58).
Shares of BP plc (LON:BP) opened at 440.25 on Monday. BP plc has a 52-week low of GBX 411.60 and a 52-week high of GBX 521.20. The stock has a 50 day moving average price of GBX 449.47 and a 200-day moving average price of GBX 457.84. The firm’s market capitalization is GBX 86.90 billion.
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In other news, insider Brian Gilvary purchased 68 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of GBX 469 ($6.09) per share, with a total value of £318.92 ($414.02). In the last ninety days, insiders bought 206 shares of company stock worth $94,796.
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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