BP plc’s Hold Rating Reaffirmed at Investec (BP)
BP plc (LON:BP)‘s stock had its “hold” rating reiterated by equities research analysts at Investec in a research note issued to investors on Friday, Stock Ratings News reports.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of BP plc in a research note to investors on Thursday. Separately, analysts at Barclays reiterated an “underweight” rating on shares of BP plc in a research note to investors on Monday, October 21st. They now have a GBX 485 ($7.84) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of BP plc in a research note to investors on Thursday, October 17th. They now have a GBX 550 ($8.89) price target on the stock. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. BP plc presently has a consensus rating of “Hold” and an average target price of GBX 512.40 ($8.29).
Shares of BP plc (LON:BP) traded up 0.22% during mid-day trading on Friday, hitting GBX 451.15. 18,693,122 shares of the company’s stock traded hands. BP plc has a one year low of GBX 407.95 and a one year high of GBX 485.432. The stock has a 50-day moving average of GBX 441.4 and a 200-day moving average of GBX 454.0. The company’s market cap is £85.428 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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