BP plc Receives “Buy” Rating from Jefferies Group (BP)
BP plc (LON:BP)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Wednesday. They currently have a GBX 570 ($9.68) price objective on the stock. Jefferies Group’s price objective would suggest a potential upside of 18.02% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of BP plc in a research note on Wednesday. They now have a GBX 550 ($9.34) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of BP plc in a research note on Wednesday. They now have a GBX 480 ($8.15) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of BP plc in a research note on Tuesday, July 29th. They now have a GBX 500 ($8.49) price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 503.93 ($8.56).
Shares of BP plc (LON:BP) opened at 482.95 on Wednesday. BP plc has a 1-year low of GBX 275.443 and a 1-year high of GBX 526.80. The stock’s 50-day moving average is GBX 505. and its 200-day moving average is GBX 494.4. The company’s market cap is £89.033 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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