HSBC set a GBX 650 ($8.49) target price on BP (LON:BP) in a research report report published on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the oil and gas exploration company’s stock.
Several other equities analysts also recently commented on the stock. Berenberg Bank reiterated a buy rating and set a GBX 620 ($8.10) price target on shares of BP in a report on Thursday, May 16th. Societe Generale cut their price target on shares of BP from GBX 650 ($8.49) to GBX 635 ($8.30) and set a buy rating on the stock in a report on Thursday, May 2nd. Credit Suisse Group reiterated an outperform rating and set a GBX 640 ($8.36) price target on shares of BP in a report on Wednesday, May 1st. Royal Bank of Canada set a GBX 615 ($8.04) price target on shares of BP and gave the company a buy rating in a report on Wednesday, May 1st. Finally, Jefferies Financial Group reiterated a hold rating and set a GBX 600 ($7.84) price target on shares of BP in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of GBX 650.88 ($8.50).
Shares of LON:BP opened at GBX 544.50 ($7.11) on Thursday. The stock has a market cap of $110.70 billion and a P/E ratio of 11.16. BP has a 12 month low of GBX 481.35 ($6.29) and a 12 month high of GBX 603.20 ($7.88). The company has a debt-to-equity ratio of 73.82, a quick ratio of 0.66 and a current ratio of 1.02.
In related news, insider Brian Gilvary acquired 58 shares of the stock in a transaction on Friday, May 10th. The stock was bought at an average cost of GBX 526 ($6.87) per share, with a total value of £305.08 ($398.64).
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
Featured Story: Are 12b-1 Fees Affecting Your Mutual Fund Performance?
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.