BP plc (LON:BP)‘s stock had its “overweight” rating restated by analysts at Barclays PLC in a research report issued on Tuesday. They presently have a GBX 600 ($7.83) target price on the oil and gas exploration company’s stock. Barclays PLC’s price target indicates a potential upside of 30.89% from the company’s current price.
BP has been the topic of several other reports. Macquarie reiterated 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 reiterated 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 boosted their price objective on shares of BP plc from GBX 382 ($4.99) to GBX 433 ($5.65) and gave the company a “hold” rating in a research report on Wednesday, June 29th. Jefferies Group reissued a “hold” rating and issued a GBX 400 ($5.22) price objective on shares of BP plc in a research report on Wednesday, September 7th. Finally, Citigroup Inc. reissued a “buy” rating on shares of BP plc in a research report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 440.72 ($5.75).
Shares of BP plc (LON:BP) opened at 458.40 on Tuesday. BP plc has a 12 month low of GBX 249.44 and a 12 month high of GBX 464.40. The company’s market cap is GBX 86.07 billion. The company’s 50 day moving average is GBX 431.82 and its 200 day moving average is GBX 398.32.
In other news, insider Gilvary,Brian purchased 70 shares of the stock in a transaction that occurred on Monday, July 11th. The shares were purchased 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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