Citigroup Inc. Reiterates Neutral Rating for BP plc (BP)
BP plc (LON:BP)‘s stock had its “neutral” rating restated by equities researchers at Citigroup Inc. in a research report issued on Wednesday. They currently have a GBX 480 ($8.15) price target on the stock. Citigroup Inc.’s price objective would suggest a potential downside of 0.61% from the company’s current price.
Shares of BP plc (LON:BP) traded down 0.22% on Wednesday, hitting GBX 482.95. 26,500,964 shares of the company’s stock traded hands. 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 has been the subject of a number of other recent research reports. 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. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of BP plc in a research note on Tuesday, July 29th. They now have a GBX 540 ($9.17) price target on the stock. Finally, analysts at Investec reiterated a “hold” rating on shares of BP plc in a research note on Tuesday, July 29th. They now have a GBX 460 ($7.81) price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. BP plc has an average 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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