BP (BP) Rating Reiterated by Barclays

BP (LON:BP)‘s stock had its “overweight” rating reissued by equities research analysts at Barclays in a research note issued to investors on Monday.

A number of other research analysts have also recently weighed in on the company. JPMorgan Chase restated an “overweight” rating and issued a GBX 550 ($7.72) price target on shares of BP in a research report on Friday, December 15th. Royal Bank of Canada upgraded BP from a “sector perform” rating to an “outperform” rating and raised their price target for the company from GBX 550 ($7.72) to GBX 570 ($8.00) in a research report on Monday, February 26th. BNP Paribas restated an “outperform” rating and issued a GBX 570 ($8.00) price target on shares of BP in a research report on Monday, February 12th. Deutsche Bank set a GBX 565 ($7.93) price target on BP and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, UBS set a GBX 550 ($7.72) price target on BP and gave the company a “buy” rating in a research report on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 551.84 ($7.75).

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Shares of BP stock opened at GBX 496.10 ($6.96) on Monday. BP has a fifty-two week low of GBX 436.95 ($6.13) and a fifty-two week high of GBX 536.20 ($7.53).

In related news, insider Brian Gilvary sold 103,138 shares of BP stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of GBX 474 ($6.65), for a total transaction of £488,874.12 ($686,235.43). In the last quarter, insiders have purchased 190 shares of company stock valued at $93,300.

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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.

Analyst Recommendations for BP (LON:BP)

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