BP plc Stock Rating Reaffirmed by Goldman Sachs (BP)
BP plc (LON:BP)‘s stock had its “neutral” rating reaffirmed by analysts at Goldman Sachs in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. They currently have a GBX 500 ($8.40) price target on the stock. Goldman Sachs’ price target points to a potential downside of 0.34% from the company’s current price.
BP plc (LON:BP) opened at 501.70 on Wednesday. BP plc has a 52-week low of GBX 275.443 and a 52-week high of GBX 510.00. The stock has a 50-day moving average of GBX 482. and a 200-day moving average of GBX 481.7. The company’s market cap is £93.346 billion.
A number of other firms have also recently commented on BP. Analysts at Investec reiterated a “hold” rating on shares of BP plc in a research note on Tuesday, April 29th. They now have a GBX 460 ($7.73) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of BP plc in a research note on Friday, April 25th. They now have a GBX 530 ($8.90) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of BP plc in a research note on Friday, April 25th. They now have a GBX 540 ($9.07) price target on the stock. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 493.87 ($8.30).
BP p.l.c. (LON:BP), is an integrated oil and gas company.
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