BP plc Receives Consensus Recommendation of “Hold” from Analysts (LON:BP)
Shares of BP plc (LON:BP) have received an average recommendation of “Hold” from the twenty-eight brokerages that are presently covering the stock, Analyst Ratings Net reports. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 506.55 ($8.52).
Shares of BP plc (LON:BP) opened at 464.05 on Wednesday. BP plc has a 1-year low of GBX 275.443 and a 1-year high of GBX 526.80. The stock has a 50-day moving average of GBX 501.3 and a 200-day moving average of GBX 493.. The company’s market cap is £85.549 billion.
BP has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of BP plc in a research note on Friday. They now have a GBX 500 ($8.41) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of BP plc in a research note on Thursday. They now have a GBX 570 ($9.59) price target on the stock. Finally, 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.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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