BP plc PT Raised to GBX 500 (BP)
Liberum Capital boosted their price target on shares of BP plc (LON:BP) from GBX 450 ($7.40) to GBX 500 ($8.22) in a research note issued on Thursday, Analyst Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Liberum Capital’s target price would suggest a potential upside of 3.70% from the stock’s previous close.
A number of other analysts have also recently weighed in on BP. Analysts at HSBC reiterated an “overweight” rating on shares of BP plc in a research note to investors on Wednesday. They now have a GBX 560 ($9.20) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of BP plc in a research note to investors on Wednesday. They now have a GBX 495 ($8.13) price target on the stock. Finally, 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. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company. BP plc currently has a consensus rating of “Hold” and an average price target of GBX 483.70 ($7.95).
BP plc (LON:BP) traded up 2.57% during mid-day trading on Thursday, hitting GBX 482.15. The stock had a trading volume of 32,477,006 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 485.3 and its 200-day moving average is GBX 464.. The company’s market cap is £90.198 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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