BP plc Given “Buy” Rating at Jefferies Group (BP)
BP plc (LON:BP)‘s stock had its “buy” rating restated by Jefferies Group in a note issued to investors on Thursday. They currently have a GBX 570 ($9.59) price objective on the stock. Jefferies Group’s price objective indicates a potential upside of 22.83% from the stock’s previous close.
Shares of BP plc (LON:BP) traded down 1.08% during mid-day trading on Thursday, hitting GBX 464.05. 28,088,690 shares of the company’s stock traded hands. BP plc has a 52 week low of GBX 275.443 and a 52 week high of GBX 526.80. The stock’s 50-day moving average is GBX 501.3 and its 200-day moving average is GBX 493.. The company’s market cap is £85.549 billion.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of BP plc in a research note on Wednesday, July 30th. They now have a GBX 530 ($8.92) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of BP plc in a research note on Wednesday, July 30th. They now have a GBX 505 ($8.50) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of BP plc in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company. BP plc presently has an average rating of “Hold” and a consensus price target of GBX 506.55 ($8.52).
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.