BP plc’s “Hold” Rating Reaffirmed at Liberum Capital (BP)
BP plc (LON:BP)‘s stock had its “hold” rating restated by investment analysts at Liberum Capital in a note issued to investors on Wednesday. They currently have a GBX 500 ($8.58) target price on the stock. Liberum Capital’s target price would indicate a potential downside of 1.57% from the stock’s previous close.
A number of other analysts have also recently weighed in on BP. Analysts at Deutsche Bank downgraded shares of BP plc to a “hold” rating in a research note on Wednesday. They now have a GBX 550 ($9.43) price target on the stock, up previously from GBX 540 ($9.26). Separately, analysts at Barclays reiterated an “underweight” rating on shares of BP plc in a research note on Thursday, July 3rd. They now have a GBX 600 ($10.29) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of BP plc in a research note on Wednesday, July 2nd. They now have a GBX 495 ($8.49) price target on the stock. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. BP plc currently has an average rating of “Hold” and an average price target of GBX 498.88 ($8.56).
BP plc (LON:BP) traded down 0.53% during mid-day trading on Wednesday, hitting GBX 508.00. The stock had a trading volume of 15,635,234 shares. BP plc has a 1-year low of GBX 426.55 and a 1-year high of GBX 526.80. The stock has a 50-day moving average of GBX 510.0 and a 200-day moving average of GBX 493.4. The company’s market cap is £93.785 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.