BP plc (LON:BP)‘s stock had its “overweight” rating reissued by equities research analysts at Barclays PLC in a research note issued to investors on Tuesday. They currently have a GBX 600 ($7.83) target price on the oil and gas exploration company’s stock. Barclays PLC’s price target suggests a potential upside of 38.81% from the stock’s previous close.
BP has been the subject of several other reports. Macquarie reissued a “neutral” rating and set a GBX 425 ($5.55) price target on shares of BP plc in a report on Monday, August 1st. Societe Generale reissued a “buy” rating and set a GBX 500 ($6.53) price target on shares of BP plc in a report on Wednesday, July 27th. Liberum Capital lifted their price target on shares of BP plc from GBX 382 ($4.99) to GBX 433 ($5.65) and gave the company a “hold” rating in a report on Wednesday, June 29th. Jefferies Group reissued a “hold” rating and set a GBX 400 ($5.22) price target on shares of BP plc in a report on Wednesday, September 7th. Finally, Citigroup Inc. reissued a “buy” rating on shares of BP plc in a report on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 440.72 ($5.75).
BP plc (LON:BP) opened at 432.25 on Tuesday. The firm has a 50-day moving average of GBX 429.71 and a 200 day moving average of GBX 396.05. The company’s market cap is GBX 81.16 billion. BP plc has a 52-week low of GBX 249.44 and a 52-week high of GBX 464.40.
In other news, insider Gilvary,Brian purchased 70 shares of BP plc stock in a transaction that occurred on Monday, July 11th. The shares were bought at an average cost of GBX 457 ($5.97) per share, with a total value of £319.90 ($417.57).
About BP plc
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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