Several other brokerages also recently weighed in on BP. Deutsche Bank set a GBX 565 ($7.93) price target on BP and gave the stock a buy rating in a report on Monday, January 15th. Macquarie set a GBX 450 ($6.32) price target on BP and gave the stock a sell rating in a report on Thursday, January 11th. Barclays reaffirmed an overweight rating and set a GBX 675 ($9.48) price target on shares of BP in a report on Wednesday, January 10th. Royal Bank of Canada reaffirmed a sector performer rating and set a GBX 550 ($7.72) price target on shares of BP in a report on Tuesday, January 2nd. Finally, S&P Global set a GBX 540 ($7.58) price target on BP and gave the stock a neutral rating in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average price target of GBX 551.84 ($7.75).
Shares of LON BP opened at GBX 498.40 ($7.00) on Wednesday. BP has a 1-year low of GBX 436.95 ($6.13) and a 1-year high of GBX 536.20 ($7.53).
In other news, insider Brian Gilvary purchased 65 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was acquired at an average price of GBX 478 ($6.71) per share, with a total value of £310.70 ($436.13). In the last three months, insiders acquired 190 shares of company stock valued at $93,300.
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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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