BP plc (BP) Given “Overweight” Rating at Barclays PLC
BP plc (LON:BP)‘s stock had its “overweight” rating reissued by investment analysts at Barclays PLC in a report issued on Monday. They presently have a GBX 600 ($7.83) target price on the oil and gas exploration company’s stock. Barclays PLC’s target price points to a potential upside of 24.24% from the company’s previous close.
BP has been the subject of a number of other reports. Goldman Sachs Group Inc. set a GBX 418 ($5.46) target price on BP plc and gave the company a “neutral” rating in a report on Wednesday, October 5th. Jefferies Group restated a “hold” rating and set a GBX 400 ($5.22) target price on shares of BP plc in a report on Wednesday, September 7th. Canaccord Genuity restated a “buy” rating and set a GBX 520 ($6.79) target price on shares of BP plc in a report on Tuesday, September 6th. HSBC restated a “buy” rating and set a GBX 495 ($6.46) target price on shares of BP plc in a report on Wednesday, September 7th. Finally, Credit Suisse Group AG restated a “neutral” rating and set a GBX 430 ($5.61) target price on shares of BP plc in a report on Monday, July 4th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. BP plc presently has a consensus rating of “Hold” and a consensus price target of GBX 441.44 ($5.76).
BP plc (LON:BP) opened at 490.50 on Monday. BP plc has a one year low of GBX 249.44 and a one year high of GBX 492.65. 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 cap is GBX 92.10 billion.
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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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