BP plc Earns “Neutral” Rating from Credit Suisse (BP)
BP plc (LON:BP)‘s stock had its “neutral” rating reissued by investment analysts at Credit Suisse in a note issued to investors on Wednesday. They currently have a GBX 505 ($8.38) price objective on the stock. Credit Suisse’s price target suggests a potential upside of 5.80% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs reiterated a “neutral/neutral” rating on shares of BP plc in a research note on Monday. They now have a GBX 510 ($8.46) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of BP plc in a research note on Thursday, August 28th. They now have a GBX 530 ($8.80) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of BP plc in a research note on Friday, August 22nd. They now have a GBX 500 ($8.30) price target on the stock. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company. BP plc currently has an average rating of “Hold” and a consensus target price of GBX 507.70 ($8.43).
BP plc (LON:BP) opened at 483.10 on Wednesday. BP plc has a 52-week low of GBX 426.55 and a 52-week high of GBX 526.80. The stock’s 50-day moving average is GBX 484.7 and its 200-day moving average is GBX 493.5. The company’s market cap is £89.061 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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