BP plc Rating Reiterated by Societe Generale (BP)
BP plc (LON:BP)‘s stock had its “buy” rating reaffirmed by investment analysts at Societe Generale in a note issued to investors on Friday. They currently have a GBX 550 ($9.13) price objective on the stock. Societe Generale’s target price points to a potential upside of 20.88% from the stock’s previous close.
BP plc (LON:BP) opened at 459.105 on Friday. BP plc has a 1-year low of GBX 426.55 and a 1-year high of GBX 526.80. The stock’s 50-day moving average is GBX 482.9 and its 200-day moving average is GBX 493.2. The company’s market cap is £84.637 billion.
BP has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of BP plc in a research note on Friday. They now have a GBX 600 ($9.96) price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 505.61 ($8.39).
BP p.l.c. (LON:BP) is an integrated oil and gas company.
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