BP plc Receives “Outperform” Rating from BNP Paribas (BP)
BP plc (LON:BP)‘s stock had its “outperform” rating reaffirmed by research analysts at BNP Paribas in a report released on Monday, American Banking News reports. They currently have a GBX 550 ($8.87) price target on the stock. BNP Paribas’ price objective would indicate a potential upside of 24.56% from the company’s current price.
A number of other analysts have also recently weighed in on BP. Analysts at AlphaValue reiterated a “reduce” rating on shares of BP plc (LON:BP) in a research note to investors on Thursday. They now have a GBX 450 ($7.26) price target on the stock. Separately, analysts at Beaufort Securities downgraded shares of BP plc (LON:BP) to a “hold” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of BP plc (LON:BP) in a research note to investors on Tuesday, September 17th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 510.11 ($8.23).
Shares of BP plc (LON:BP) opened at 436.85 on Monday. BP plc has a 52 week low of GBX 407.95 and a 52 week high of GBX 485.432. The stock has a 50-day moving average of GBX 444.4 and a 200-day moving average of GBX 455.. The company’s market cap is £82.720 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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