BP plc (BP) PT Set at GBX 525 by UBS AG
BP plc (LON:BP) has been given a GBX 525 ($6.78) price target by stock analysts at UBS AG in a note issued to investors on Friday. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. UBS AG’s price objective suggests a potential upside of 17.12% from the stock’s current price.
A number of other research analysts have also commented on BP. Deutsche Bank AG set a GBX 515 ($6.65) price target on shares of BP plc and gave the company a “buy” rating in a research report on Wednesday, May 24th. Barclays PLC restated an “overweight” rating and set a GBX 625 ($8.07) price target on shares of BP plc in a research report on Tuesday, May 30th. Royal Bank Of Canada restated a “sector performer” rating and set a GBX 470 ($6.07) price target on shares of BP plc in a research report on Friday, June 2nd. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 530 ($6.84) price target on shares of BP plc in a research report on Monday, June 12th. Finally, Morgan Stanley restated an “overweight” rating on shares of BP plc in a research report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. BP plc presently has a consensus rating of “Hold” and a consensus target price of GBX 506.73 ($6.54).
Shares of BP plc (LON BP) opened at 448.25 on Friday. The firm’s market cap is GBX 88.25 billion. BP plc has a one year low of GBX 411.60 and a one year high of GBX 521.20. The firm has a 50 day moving average price of GBX 449.35 and a 200-day moving average price of GBX 455.94.
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In other news, insider Brian Gilvary purchased 68 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average price of GBX 469 ($6.06) per share, for a total transaction of £318.92 ($411.88). In the last quarter, insiders have bought 208 shares of company stock worth $94,192.
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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