BP plc Price Target Raised to GBX 505 at Credit Suisse (BP)
Equities research analysts at Credit Suisse increased their target price on shares of BP plc (LON:BP) from GBX 495 ($8.47) to GBX 505 ($8.65) in a research note issued to investors on Monday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective would indicate a potential upside of 0.32% from the company’s current price.
Shares of BP plc (LON:BP) traded down 0.08% on Monday, hitting GBX 503.40. The stock had a trading volume of 13,806,386 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 509.7 and a 200-day moving average of GBX 494.. The company’s market cap is £92.936 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura raised their price target on shares of BP plc from GBX 460 ($7.88) to GBX 490 ($8.39) in a research note on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of BP plc in a research note on Wednesday, July 9th. They now have a GBX 500 ($8.56) price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of BP plc to a “hold” rating in a research note on Wednesday, July 9th. They now have a GBX 550 ($9.42) price target on the stock, up previously from GBX 540 ($9.24). Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 500.70 ($8.57).
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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