BP plc Rating Reiterated by Barclays (BP)
BP plc (LON:BP)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays in a research report issued on Friday. They currently have a GBX 600 ($9.96) price objective on the stock. Barclays’ price target would indicate a potential upside of 31.87% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of BP plc in a research note on Friday. They now have a GBX 560 ($9.29) price target on the stock. Separately, analysts at Investec cut their price target on shares of BP plc from GBX 460 ($7.63) to GBX 440 ($7.30) in a research note on Friday. They now have a “hold” rating on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of BP plc in a research note on Friday. 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 assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 505.61 ($8.39).
BP plc (LON:BP) traded up 2.59% on Friday, hitting GBX 466.80. 63,456,888 shares of the company’s stock traded hands. BP plc has a 52 week low of GBX 426.55 and a 52 week high of GBX 526.80. The stock has a 50-day moving average of GBX 482.9 and a 200-day moving average of GBX 493.2. The company’s market cap is £86.056 billion.
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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