BP plc Given “Neutral” Rating at Nomura (BP)
BP plc (LON:BP)‘s stock had its “neutral” rating reiterated by analysts at Nomura in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. They currently have a GBX 460 ($7.73) target price on the stock. Nomura’s target price points to a potential downside of 8.31% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of BP plc in a research note on Wednesday. They now have a GBX 480 ($8.06) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of BP plc in a research note on Wednesday. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of BP plc in a research note on Wednesday. They now have a GBX 500 ($8.40) price target on the stock. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 493.87 ($8.30).
Shares of BP plc (LON:BP) traded up 0.73% during mid-day trading on Wednesday, hitting GBX 501.70. 25,918,238 shares of the company’s stock traded hands. BP plc has a 52-week low of GBX 275.443 and a 52-week high of GBX 510.00. The stock’s 50-day moving average is GBX 482. and its 200-day moving average is GBX 481.7. The company’s market cap is £93.346 billion.
BP p.l.c. (LON:BP), is an integrated oil and gas company.
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