BP plc Given “Neutral” Rating at Goldman Sachs (BP)
BP plc (LON:BP)‘s stock had its “neutral” rating reiterated by analysts at Goldman Sachs in a research report issued to clients and investors on Friday, American Banking News reports. They currently have a GBX 500 ($8.38) price target on the stock. Goldman Sachs’ target price suggests a potential downside of 0.34% from the company’s current price.
BP plc (LON:BP) opened at 501.70 on Friday. BP plc has a 1-year low of GBX 407.95 and a 1-year high of GBX 505.20. The stock’s 50-day moving average is GBX 487.4 and its 200-day moving average is GBX 466.7. The company’s market cap is £93.374 billion.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital raised their price target on shares of BP plc from GBX 450 ($7.54) to GBX 500 ($8.38) 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 ($9.38) 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 ($8.30) price target on the stock. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the stock. BP plc currently has a consensus rating of “Hold” and an average target price of GBX 482.51 ($8.09).
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