BP plc Rating Reiterated by Deutsche Bank (BP)
BP plc (LON:BP)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a report released on Monday, AR Network reports. They currently have a GBX 540 ($9.10) target price on the stock. Deutsche Bank’s price objective indicates a potential upside of 6.49% from the stock’s previous close.
BP plc (LON:BP) traded up 0.82% during mid-day trading on Monday, hitting GBX 507.10. The stock had a trading volume of 28,256,112 shares. BP plc has a 1-year low of GBX 426.55 and a 1-year high of GBX 510.00. The stock has a 50-day moving average of GBX 489.9 and a 200-day moving average of GBX 485.5. The company’s market cap is £93.619 billion.
BP has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of BP plc in a research note on Tuesday, May 6th. They now have a GBX 495 ($8.34) price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of BP plc in a research note on Wednesday, April 30th. They now have a GBX 550 ($9.26) price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of BP plc in a research note on Wednesday, April 30th. They now have a GBX 460 ($7.75) price target on the stock. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 492.87 ($8.30).
BP p.l.c. (LON:BP), is an integrated oil and gas company.
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