Credit Suisse Reiterates Neutral Rating for BP plc (BP)
BP plc (LON:BP)‘s stock had its “neutral” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a GBX 495 ($8.13) price objective on the stock. Credit Suisse’s price objective would suggest a potential upside of 5.31% from the company’s current price.
A number of other analysts have also recently weighed in on BP. Analysts at UBS AG reiterated a “neutral” rating on shares of BP plc in a research note to investors on Wednesday. They now have a GBX 500 ($8.22) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of BP plc in a research note to investors on Wednesday. They now have a GBX 530 ($8.71) price target on the stock. Finally, analysts at Societe Generale raised their price target on shares of BP plc from GBX 530 ($8.71) to GBX 540 ($8.87) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 481.06 ($7.91).
BP plc (LON:BP) traded down 0.79% during mid-day trading on Wednesday, hitting GBX 470.05. The stock had a trading volume of 23,359,120 shares. 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 485.1 and its 200-day moving average is GBX 464.6. The company’s market cap is £88.469 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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