BP plc Rating Increased to Hold at Grupo Santander (BP)
BP plc (LON:BP) was upgraded by equities researchers at Grupo Santander to a “hold” rating in a research report issued on Wednesday. The firm currently has a GBX 555 ($9.34) price target on the stock. Grupo Santander’s price objective indicates a potential upside of 9.62% from the stock’s previous close.
A number of other analysts have also recently weighed in on BP. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of BP plc in a research note on Tuesday. They now have a GBX 530 ($8.92) price target on the stock. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 495.01 ($8.33).
BP plc (LON:BP) opened at 506.30 on Wednesday. BP plc has a 52 week low of GBX 426.55 and a 52 week high of GBX 510.262. The stock’s 50-day moving average is GBX 491.4 and its 200-day moving average is GBX 486.1. The company’s market cap is £93.471 billion.
BP p.l.c. (LON:BP), is an integrated oil and gas company.
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