BP plc Downgraded by BNP Paribas to Neutral (BP)
BP plc (LON:BP) was downgraded by BNP Paribas to a “neutral” rating in a research note issued on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 530 ($8.69) price target on the stock, down from their previous price target of GBX 550 ($9.02). BNP Paribas’ target price suggests a potential upside of 7.01% from the company’s current price.
A number of other analysts have also recently weighed in on BP. Analysts at Howard Weil upgraded shares of BP plc from a “sector perform” rating to a “sector outperform” rating in a research note to investors on Wednesday. They now have a GBX 56 ($0.92) price target on the stock, up previously from GBX 51 ($0.84). Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of BP plc in a research note to investors on Tuesday. Finally, analysts at Jyske Bank reiterated a “buy” rating on shares of BP plc in a research note to investors on Monday. They now have a GBX 534 ($8.76) price target on the stock. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 484.22 ($7.94).
BP plc (LON:BP) opened at 498.35 on Friday. BP plc has a one year low of GBX 407.95 and a one year high of GBX 499.90. The stock’s 50-day moving average is GBX 481.7 and its 200-day moving average is GBX 461.2. The company’s market cap is £93.796 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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