BP plc Receives Buy Rating from Deutsche Bank (BP)
BP plc (LON:BP)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Thursday, Stock Ratings Network reports. They currently have a GBX 540 ($9.07) price objective on the stock. Deutsche Bank’s price target points to a potential upside of 9.42% from the company’s current price.
Shares of BP plc (LON:BP) traded up 0.85% on Thursday, hitting GBX 493.52. The stock had a trading volume of 32,281,092 shares. BP plc has a 1-year low of GBX 275.443 and a 1-year high of GBX 510.00. The stock has a 50-day moving average of GBX 480.4 and a 200-day moving average of GBX 479.6. The company’s market cap is £91.824 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector performer” rating on shares of BP plc in a research note on Tuesday. They now have a GBX 530 ($8.90) price target on the stock. Separately, analysts at Canaccord Genuity upgraded shares of BP plc from a “hold” rating to a “buy” rating in a research note on Monday, April 14th. They now have a GBX 530 ($8.90) price target on the stock, up previously from GBX 470 ($7.89). Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of BP plc in a research note on Thursday, April 10th. They now have a GBX 530 ($8.90) price target on the stock. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. BP plc presently has a consensus rating of “Hold” and an average price target of GBX 493.87 ($8.29).
BP p.l.c. (LON:BP), is an integrated oil and gas company.
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