BP plc Receives “Buy” Rating from Bank of America Corp. (BP.)
BP plc (LON:BP.)‘s stock had its “buy” rating restated by investment analysts at Bank of America Corp. in a note issued to investors on Wednesday, Analyst Ratings News reports. They currently have a GBX 530 ($8.57) target price on the stock.
A number of other firms have also recently commented on BP.. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of BP plc in a research note to investors on Wednesday. They now have a GBX 450 ($7.28) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of BP plc from GBX 515 ($8.33) to GBX 540 ($8.74) in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of BP plc in a research note to investors on Wednesday. They now have a GBX 550 ($8.90) price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. BP plc presently has an average rating of “Hold” and a consensus target price of GBX 493.67 ($7.99).
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