BP plc (BP) Stock Rating Reaffirmed by Barclays PLC
BP plc (LON:BP)‘s stock had its “top pick” rating restated by analysts at Barclays PLC in a research note issued to investors on Monday. They presently have a GBX 675 ($8.95) price target on the oil and gas exploration company’s stock. Barclays PLC’s price target would suggest a potential upside of 38.77% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a GBX 480 ($6.37) target price on shares of BP plc in a research report on Thursday, July 13th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 530 ($7.03) price target on shares of BP plc in a research report on Friday, September 1st. UBS AG set a GBX 525 ($6.96) price target on BP plc and gave the stock a “buy” rating in a research report on Monday, June 19th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 515 ($6.83) price target on shares of BP plc in a research note on Wednesday, June 21st. Finally, J P Morgan Chase & Co decreased their price target on BP plc from GBX 530 ($7.03) to GBX 500 ($6.63) and set an “overweight” rating for the company in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 510.14 ($6.77).
BP plc (BP) opened at 486.40 on Monday. The firm’s market cap is GBX 95.76 billion. BP plc has a 52 week low of GBX 4.80 and a 52 week high of GBX 521.20. The firm’s 50 day moving average price is GBX 453.48 and its 200-day moving average price is GBX 456.59.
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In related news, insider Brian Gilvary acquired 70 shares of the stock in a transaction dated Monday, July 10th. The shares were bought at an average cost of GBX 444 ($5.89) per share, for a total transaction of £310.80 ($412.26). Insiders have acquired 208 shares of company stock worth $94,192 over the last ninety days.
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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