BP plc’s Neutral Rating Reaffirmed at Citigroup Inc. (BP.)
BP plc (LON:BP.)‘s stock had its “neutral” rating reiterated by stock analysts at Citigroup Inc. in a report issued on Wednesday, Analyst RN reports. They currently have a GBX 450 ($7.28) price objective on the stock.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Beaufort Securities downgraded shares of BP plc to a “hold” rating in a research note to investors on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 493.67 ($7.99).
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