BP plc PT Raised to GBX 450 at Liberum Capital (BP)
Stock analysts at Liberum Capital raised their price objective on shares of BP plc (LON:BP) from GBX 445 ($7.13) to GBX 450 ($7.21) in a report issued on Thursday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Liberum Capital’s target price would suggest a potential downside of 8.01% from the company’s current price.
BP plc (LON:BP) traded down 0.68% during mid-day trading on Thursday, hitting GBX 485.85. 8,716,279 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 490.20. The stock’s 50-day moving average is GBX 447.5 and its 200-day moving average is GBX 455.2. The company’s market cap is £91.443 billion.
A number of other firms have also recently commented on BP. Analysts at Nomura reiterated a “buy” rating on shares of BP plc in a research note to investors on Thursday, October 31st. They now have a GBX 460 ($7.37) price target on the stock. Separately, analysts at Jyske Bank reiterated a “buy” rating on shares of BP plc in a research note to investors on Tuesday. They now have a GBX 521.80 ($8.36) price target on the stock. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 494.42 ($7.93).
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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