BP plc Receives Neutral Rating from Nomura (BP)
BP plc (LON:BP)‘s stock had its “neutral” rating reaffirmed by investment analysts at Nomura in a note issued to investors on Wednesday, StockRatingsNetwork reports. They currently have a GBX 460 ($7.58) price objective on the stock. Nomura’s price objective points to a potential downside of 6.67% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of BP plc in a research note to investors on Tuesday. They now have a GBX 520 ($8.57) price target on the stock. Separately, analysts at BNP Paribas downgraded shares of BP plc to a “neutral” rating in a research note to investors on Friday, January 10th. They now have a GBX 530 ($8.73) price target on the stock, down previously from GBX 550 ($9.06). Finally, 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, January 8th. They now have a GBX 56 ($0.92) price target on the stock, up previously from GBX 51 ($0.84). Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company. BP plc currently has an average rating of “Hold” and an average target price of GBX 477.89 ($7.88).
BP plc (LON:BP) traded up 0.37% on Wednesday, hitting GBX 492.85. 27,630,088 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 499.90. The stock’s 50-day moving average is GBX 482.3 and its 200-day moving average is GBX 462.5. The company’s market cap is £92.760 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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