BP plc Rating Increased to Buy at Societe Generale (BP)
BP plc (LON:BP) was upgraded by investment analysts at Societe Generale to a “buy” rating in a note issued to investors on Wednesday, StockRatingsNetwork.com reports. The firm currently has a GBX 530 ($8.57) price target on the stock. Societe Generale’s price objective indicates a potential upside of 10.99% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Prime Markets reiterated a “buy” rating on shares of BP plc in a research note to investors on Tuesday. Separately, analysts at Barclays reiterated an “underweight” rating on shares of BP plc in a research note to investors on Tuesday. Finally, analysts at Investec reiterated a “hold” rating on shares of BP plc in a research note to investors on Friday, October 25th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 518.52 ($8.39).
BP plc (LON:BP) opened at 486.90 on Wednesday. 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 441.4 and a 200-day moving average of GBX 454.0. The company’s market cap is £92.197 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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