BP plc Rating Reiterated by Societe Generale (BP)
BP plc (LON:BP)‘s stock had its “hold” rating reiterated by investment analysts at Societe Generale in a note issued to investors on Thursday, AR Network reports. They currently have a GBX 490 ($7.91) price objective on the stock. Societe Generale’s price target indicates a potential upside of 13.35% from the stock’s previous close.
A number of other firms have also recently commented on BP. Analysts at BNP Paribas reiterated an “outperform” rating on shares of BP plc (LON:BP) in a research note to investors on Monday. They now have a GBX 550 ($8.87) price target on the stock. Separately, analysts at AlphaValue reiterated a “reduce” rating on shares of BP plc (LON:BP) in a research note to investors on Thursday, September 26th. They now have a GBX 450 ($7.26) price target on the stock. Finally, 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. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 510.11 ($8.23).
Shares of BP plc (LON:BP) traded up 1.12% during mid-day trading on Thursday, hitting GBX 437.15. 27,681,684 shares of the company’s stock traded hands. BP plc has a 52-week low of GBX 407.95 and a 52-week high of GBX 485.432. The stock’s 50-day moving average is GBX 444.4 and its 200-day moving average is GBX 455.. The company’s market cap is £82.777 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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