BP (BP) Stock Rating Reaffirmed by Credit Suisse Group

BP (LON:BP)‘s stock had its “outperform” rating reissued by analysts at Credit Suisse Group in a report issued on Friday. They presently have a GBX 575 ($8.07) target price on the oil and gas exploration company’s stock. Credit Suisse Group’s price target suggests a potential upside of 16.70% from the company’s current price.

BP has been the topic of several other reports. Macquarie set a GBX 450 ($6.32) price objective on BP and gave the company a “sell” rating in a research note on Thursday, January 11th. Jefferies Group increased their target price on BP from GBX 500 ($7.02) to GBX 520 ($7.30) and gave the company a “hold” rating in a research report on Wednesday, December 20th. Kepler Capital Markets increased their target price on BP from GBX 505 ($7.09) to GBX 535 ($7.51) and gave the company a “hold” rating in a research report on Thursday, January 18th. UBS set a GBX 550 ($7.72) target price on BP and gave the company a “buy” rating in a research report on Tuesday, December 26th. Finally, Royal Bank of Canada set a GBX 550 ($7.72) target price on BP and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 551.84 ($7.75).

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LON:BP traded down GBX 7.10 ($0.10) during trading hours on Friday, hitting GBX 492.70 ($6.92). The company’s stock had a trading volume of 21,050,843 shares, compared to its average volume of 35,510,000. BP has a twelve month low of GBX 436.95 ($6.13) and a twelve month high of GBX 536.20 ($7.53).

In related news, insider Brian Gilvary acquired 65 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of GBX 470 ($6.60) per share, for a total transaction of £305.50 ($428.83). Insiders have bought 190 shares of company stock valued at $93,300 over the last 90 days.

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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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