BP plc Receives Neutral Rating from UBS AG (BP)
BP plc (LON:BP)‘s stock had its “neutral” rating reaffirmed by equities research analysts at UBS AG in a research note issued to investors on Wednesday, Analyst Ratings Net reports. They currently have a GBX 500 ($8.32) price target on the stock. UBS AG’s price objective suggests a potential downside of 1.34% from the stock’s previous close.
BP plc (LON:BP) traded down 0.24% during mid-day trading on Wednesday, hitting GBX 506.80. 21,231,256 shares of the company’s stock traded hands. BP plc has a one year low of GBX 407.95 and a one year high of GBX 510.00. The stock’s 50-day moving average is GBX 488.9 and its 200-day moving average is GBX 468.2. The company’s market cap is £94.323 billion.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of BP plc in a research note on Wednesday. They now have a GBX 460 ($7.65) price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of BP plc in a research note on Tuesday. They now have a GBX 550 ($9.15) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of BP plc from GBX 520 ($8.65) to GBX 540 ($8.98) in a research note on Monday. They now have a “buy” rating 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 stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 483.51 ($8.04).
BP p.l.c. (LON:BP), is an integrated oil and gas company.
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