Barclays Reiterates “Underweight” Rating for BP plc (BP)
BP plc (LON:BP)‘s stock had its “underweight” rating reaffirmed by stock analysts at Barclays in a report issued on Thursday. They currently have a GBX 600 ($10.22) price objective on the stock. Barclays’ target price would indicate a potential upside of 15.43% from the stock’s previous close.
Shares of BP plc (LON:BP) opened at 518.00 on Thursday. BP plc has a one year low of GBX 426.55 and a one year high of GBX 526.80. The stock has a 50-day moving average of GBX 508.8 and a 200-day moving average of GBX 492.. The company’s market cap is £95.631 billion.
A number of other firms have also recently commented on BP. Analysts at Credit Suisse reiterated a “neutral” rating on shares of BP plc in a research note on Wednesday. They now have a GBX 495 ($8.43) price target on the stock. Separately, 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 ($8.52) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of BP plc in a research note on Monday. They now have a GBX 540 ($9.20) price target on the stock. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. BP plc currently has an average rating of “Hold” and a consensus target price of GBX 498.42 ($8.49).
BP p.l.c. (LON:BP), is an integrated oil and gas company.
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