BP plc (BP) Given Overweight Rating at Barclays PLC
BP plc (LON:BP)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays PLC in a note issued to investors on Tuesday. They presently have a GBX 600 ($7.83) price objective on the oil and gas exploration company’s stock. Barclays PLC’s target price points to a potential upside of 23.46% from the stock’s previous close.
Several other research analysts have also commented on the company. Jefferies Group reiterated a “hold” rating and issued a GBX 400 ($5.22) price target on shares of BP plc in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. set a GBX 405 ($5.29) price target on BP plc and gave the stock a “neutral” rating in a research report on Friday, July 8th. HSBC reiterated a “buy” rating and issued a GBX 430 ($5.61) price target on shares of BP plc in a research report on Monday, June 20th. Morgan Stanley reiterated an “overweight” rating on shares of BP plc in a research report on Monday, July 11th. Finally, Citigroup Inc. upgraded BP plc to a “buy” rating and lifted their price target 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 assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 441.44 ($5.76).
BP plc (LON:BP) traded up 2.6399% during mid-day trading on Tuesday, hitting GBX 482.9494. The company had a trading volume of 46,592,114 shares. BP plc has a 1-year low of GBX 249.44 and a 1-year high of GBX 486.65. The company has a 50 day moving average of GBX 436.20 and a 200 day moving average of GBX 401.00. The firm’s market capitalization is GBX 8389.09 billion.
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In other BP plc news, insider Gilvary,Brian purchased 70 shares of the stock in a transaction on Monday, July 11th. The shares were bought at an average cost of GBX 457 ($5.97) per share, with a total value of £319.90 ($417.57).
BP plc Company Profile
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.
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