BP plc (LON:BP) received a GBX 418 ($5.46) price objective from Goldman Sachs Group Inc. in a report issued on Wednesday. The brokerage currently has a a “neutral” rating on the oil and gas exploration company’s stock. Goldman Sachs Group Inc.’s price target would suggest a potential downside of 13.99% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Barclays PLC reaffirmed an “overweight” rating and set a GBX 600 ($7.83) price objective on shares of BP plc in a research report on Tuesday. Jefferies Group reaffirmed a “hold” rating and set a GBX 400 ($5.22) price objective on shares of BP plc in a research report on Tuesday, August 2nd. HSBC reaffirmed a “buy” rating and set a GBX 430 ($5.61) price objective on shares of BP plc in a research report on Monday, June 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of BP plc in a research report on Monday, July 11th. Finally, Citigroup Inc. raised shares of BP plc to a “buy” rating and increased their price objective for the stock from GBX 370 ($4.83) to GBX 410 ($5.35) in a research report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 441.44 ($5.76).

Analyst Recommendations for BP plc (LON:BP)

Shares of BP plc (LON:BP) traded up 2.64% during trading on Wednesday, hitting GBX 486.00. The stock had a trading volume of 46,592,114 shares. The stock’s market cap is GBX 91.26 billion. BP plc has a one year low of GBX 249.44 and a one year high of GBX 486.65. The stock’s 50 day moving average price is GBX 436.20 and its 200-day moving average price is GBX 401.00.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/goldman-sachs-group-inc-analysts-give-bp-plc-bp-a-gbx-418-price-target.html

In related news, insider Gilvary,Brian acquired 70 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were purchased at an average price of GBX 457 ($5.97) per share, with a total value of £319.90 ($417.57).

About BP plc

BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.

Receive News & Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related companies with MarketBeat.com's FREE daily email newsletter.