BP plc Given Neutral Rating at Credit Suisse (BP)
BP plc (LON:BP)‘s stock had its “neutral” rating reaffirmed by research analysts at Credit Suisse in a report released on Wednesday. They currently have a GBX 505 ($8.58) price objective on the stock. Credit Suisse’s price objective points to a potential upside of 4.83% from the stock’s previous close.
Shares of BP plc (LON:BP) traded down 0.52% on Wednesday, hitting GBX 481.75. 33,202,040 shares of the company’s stock traded hands. BP plc has a 52 week low of GBX 426.55 and a 52 week high of GBX 526.80. The stock has a 50-day moving average of GBX 507.1 and a 200-day moving average of GBX 494.. The company’s market cap is £88.939 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of BP plc in a research note on Wednesday. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of BP plc in a research note on Wednesday. They now have a GBX 500 ($8.49) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of BP plc in a research note on Wednesday. They now have a GBX 600 ($10.19) price target on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. BP plc currently has a consensus rating of “Hold” and an average target price of GBX 503.93 ($8.56).
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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