S&P Global Reiterates GBX 540 Price Target for BP (BP)
S&P Global set a GBX 540 ($7.32) price objective on BP (LON:BP) in a research note issued to investors on Tuesday. The firm currently has a neutral rating on the oil and gas exploration company’s stock.
Several other equities analysts also recently issued reports on the company. Deutsche Bank set a GBX 565 ($7.66) price objective on BP and gave the company a buy rating in a research report on Monday. Macquarie set a GBX 450 ($6.10) price objective on BP and gave the company a sell rating in a research report on Thursday, January 11th. Barclays reiterated an overweight rating and issued a GBX 675 ($9.15) price objective on shares of BP in a research report on Wednesday, January 10th. Morgan Stanley lifted their price objective on BP from GBX 560 ($7.59) to GBX 595 ($8.07) and gave the company an overweight rating in a research report on Tuesday, November 7th. Finally, Credit Suisse Group reiterated an outperform rating and issued a GBX 575 ($7.80) price objective on shares of BP in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. BP has an average rating of Hold and an average target price of GBX 541 ($7.34).
BP (LON BP) traded down GBX 6.60 ($0.09) during trading on Tuesday, hitting GBX 509.90 ($6.91). The company had a trading volume of 34,644,779 shares, compared to its average volume of 22,580,000. The company has a market cap of $101,260.00 and a P/E ratio of 3,642.14. BP has a 1-year low of GBX 436.95 ($5.93) and a 1-year high of GBX 536.20 ($7.27).
In related news, insider Brian Gilvary acquired 60 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was acquired at an average cost of GBX 528 ($7.16) per share, with a total value of £316.80 ($429.62). Over the last ninety days, insiders have purchased 186 shares of company stock valued at $95,184.
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BP 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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