BP plc Rating Reiterated by 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 and Market News reports. They currently have a GBX 500 ($8.38) target price on the stock. Goldman Sachs’ price target suggests a potential downside of 0.34% from the stock’s previous close.
Other equities research analysts have also recently issued reports about 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 equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 482.51 ($8.09).
BP plc (LON:BP) opened at 501.70 on Friday. BP plc has a 52-week low of GBX 407.95 and a 52-week high of GBX 505.20. The stock has a 50-day moving average of GBX 487.4 and a 200-day moving average of GBX 466.7. The company’s market cap is £93.374 billion.
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