Bank of America set a GBX 400 ($5.38) price objective on BP (LON:BP) in a research report sent to investors on Tuesday. The brokerage currently has a sell rating on the oil and gas exploration company’s stock.
A number of other research analysts have also recently commented on BP. Barclays reissued an overweight rating and issued a GBX 675 ($9.08) target price on shares of BP in a research note on Tuesday, August 15th. UBS set a GBX 525 ($7.07) target price on BP and gave the company a buy rating in a research note on Thursday, August 10th. J P Morgan Chase & Co set a GBX 500 ($6.73) target price on BP and gave the company a buy rating in a research note on Wednesday, August 9th. Goldman Sachs Group reissued a neutral rating and issued a GBX 500 ($6.73) target price on shares of BP in a research note on Monday, October 2nd. Finally, Kepler Capital Markets set a GBX 485 ($6.53) target price on BP and gave the company a neutral rating in a research note on Monday, October 2nd. Two investment 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’s stock. The company has an average rating of Hold and a consensus target price of GBX 533.25 ($7.18).
BP (BP) opened at GBX 488.20 ($6.57) on Tuesday. BP has a 12 month low of GBX 436.95 ($5.88) and a 12 month high of GBX 529 ($7.12).
In other news, insider Brian Gilvary bought 63 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of GBX 515 ($6.93) per share, for a total transaction of £324.45 ($436.68). Over the last quarter, insiders have bought 196 shares of company stock valued at $94,283.
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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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