Canaccord Genuity Reiterates Buy Rating for BP plc (BP)
BP plc (LON:BP)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a research report issued on Tuesday. They currently have a GBX 530 ($8.92) target price on the stock. Canaccord Genuity’s price target indicates a potential upside of 4.11% from the stock’s previous close.
A number of other analysts have also recently weighed in on BP. Analysts at RBC Capital upgraded shares of BP plc to an “outperform” rating in a research note on Thursday, May 15th. They now have a GBX 530 ($8.92) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of BP plc in a research note on Monday, May 12th. They now have a GBX 540 ($9.08) price target on the stock. Finally, 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 ($8.33) price target on the stock. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 492.87 ($8.29).
BP plc (LON:BP) opened at 504.10 on Tuesday. BP plc has a 52-week low of GBX 426.55 and a 52-week high of GBX 510.00. The stock’s 50-day moving average is GBX 491.0 and its 200-day moving average is GBX 485.. The company’s market cap is £93.065 billion.
BP p.l.c. (LON:BP), is an integrated oil and gas company.
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