BP plc’s Buy Rating Reaffirmed at Deutsche Bank (BP)
BP plc (LON:BP)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday. They currently have a GBX 540 ($9.09) target price on the stock. Deutsche Bank’s target price indicates a potential upside of 7.11% from the stock’s previous close.
A number of other analysts have also recently weighed in on BP. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of BP plc in a research note on Tuesday. They now have a GBX 500 ($8.42) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of BP plc in a research note on Friday, May 23rd. They now have a GBX 570 ($9.59) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of BP plc in a research note on Wednesday, May 21st. They now have a GBX 540 ($9.09) 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 given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 495.49 ($8.34).
Shares of BP plc (LON:BP) traded up 0.44% during mid-day trading on Wednesday, hitting GBX 506.40. 11,139,262 shares of the company’s stock traded hands. BP plc has a one year low of GBX 426.55 and a one year high of GBX 511.10. The stock has a 50-day moving average of GBX 494.4 and a 200-day moving average of GBX 486.9. The company’s market cap is £94.221 billion.
BP p.l.c. (LON:BP), is an integrated oil and gas company.
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