BP plc (LON:BP) had its price objective upped by stock analysts at HSBC from GBX 495 ($6.13) to GBX 570 ($7.05) in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. HSBC’s target price would indicate a potential upside of 17.57% from the company’s current price.
Other research analysts have also issued reports about the company. Societe Generale reaffirmed a “buy” rating and set a GBX 430 ($5.32) target price on shares of BP plc in a research report on Monday, June 13th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 460 ($5.69) target price on shares of BP plc in a research report on Monday, June 13th. Citigroup Inc. reaffirmed a “buy” rating on shares of BP plc in a research report on Wednesday, June 22nd. Barclays PLC set a GBX 565 ($6.99) target price on BP plc and gave the stock a “buy” rating in a research report on Monday, June 27th. Finally, Sanford C. Bernstein set a GBX 480 ($5.94) target price on BP plc and gave the stock a “buy” rating in a research report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 451.64 ($5.59).
Shares of BP plc (LON:BP) opened at 484.20 on Tuesday. The company’s market cap is GBX 90.92 billion. BP plc has a 12-month low of GBX 249.44 and a 12-month high of GBX 498.45. The company has a 50-day moving average price of GBX 440.74 and a 200-day moving average price of GBX 404.08.
In other BP plc news, insider Brian Gilvary bought 65 shares of the stock in a transaction on Monday, October 10th. The shares were acquired at an average price of GBX 486 ($6.01) per share, with a total value of £315.90 ($390.97).
BP plc Company Profile
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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