BP plc (LON:BP) has been assigned a GBX 525 ($6.84) price target by equities researchers at UBS AG in a research report issued on Thursday, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. UBS AG’s price target would indicate a potential upside of 11.98% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 530 ($6.90) target price on shares of BP plc in a research note on Monday, June 12th. Barclays PLC reiterated an “overweight” rating and set a GBX 625 ($8.14) target price on shares of BP plc in a research note on Tuesday, June 20th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 515 ($6.71) target price on shares of BP plc in a research note on Wednesday, June 21st. Macquarie cut BP plc from a “neutral” rating to an “underperform” rating and reduced their target price for the company from to in a research note on Wednesday, June 21st. Finally, Citigroup Inc. reiterated a “neutral” rating and set a GBX 480 ($6.25) target price on shares of BP plc in a research note on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. BP plc currently has an average rating of “Hold” and a consensus price target of GBX 506.50 ($6.60).
Shares of BP plc (LON BP) opened at 459.80 on Thursday. BP plc has a 12 month low of GBX 411.60 and a 12 month high of GBX 521.20. The stock’s market cap is GBX 90.76 billion. The stock’s 50 day moving average is GBX 451.60 and its 200 day moving average is GBX 459.45.
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In other BP plc news, insider Brian Gilvary purchased 68 shares of the stock in a transaction dated Monday, June 12th. The shares were bought at an average cost of GBX 468 ($6.09) per share, with a total value of £318.24 ($414.43).
About BP plc
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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