BP plc’s Hold Rating Reaffirmed at Canaccord Genuity (BP)
BP plc (LON:BP)‘s stock had its “hold” rating reaffirmed by stock analysts at Canaccord Genuity in a report issued on Tuesday, American Banking News.com reports. They currently have a GBX 470 ($7.72) price objective on the stock. Canaccord Genuity’s price objective would suggest a potential downside of 0.80% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “underweight” rating on shares of BP plc in a research note to investors on Tuesday. They now have a GBX 550 ($9.04) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of BP plc in a research note to investors on Monday. They now have a GBX 520 ($8.55) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of BP plc in a research note to investors on Wednesday, January 29th. They now have a GBX 490 ($8.05) price target on the stock. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 479.22 ($7.88).
Shares of BP plc (LON:BP) traded up 0.04% during mid-day trading on Tuesday, hitting GBX 473.80. 37,356,344 shares of the company’s stock traded hands. BP plc has a one year low of GBX 407.95 and a one year high of GBX 499.90. The stock has a 50-day moving average of GBX 485. and a 200-day moving average of GBX 464.6. The company’s market cap is £89.175 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.