BP plc Receives Consensus Recommendation of “Hold” from Brokerages (LON:BP)
BP plc (LON:BP) has been given an average recommendation of “Hold” by the thirty-one ratings firms that are currently covering the stock, StockRatingsNetwork reports. Five research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 482.51 ($7.92).
A number of analysts have recently weighed in on BP shares. Analysts at Liberum Capital raised their price target on shares of BP plc from GBX 450 ($7.38) to GBX 500 ($8.20) in a research note on Thursday, February 6th. They now have a “hold” rating on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of BP plc in a research note on Wednesday, February 5th. They now have a GBX 560 ($9.19) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of BP plc in a research note on Wednesday, February 5th. They now have a GBX 495 ($8.12) price target on the stock.
BP plc (LON:BP) opened at 487.10 on Tuesday. BP plc has a 52-week low of GBX 407.95 and a 52-week high of GBX 499.90. The stock has a 50-day moving average of GBX 486.1 and a 200-day moving average of GBX 464.9. The company’s market cap is £90.657 billion.
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