BP plc (BP) PT Set at GBX 505 by Deutsche Bank AG
BP plc (LON:BP) has been given a GBX 505 ($6.15) target price by Deutsche Bank AG in a report released on Tuesday. The brokerage presently has a a “neutral” rating on the oil and gas exploration company’s stock. Deutsche Bank AG’s target price points to a potential upside of 4.39% from the company’s current price.
Several other research firms have also recently commented on BP. Goldman Sachs Group Inc. set a GBX 405 ($4.94) target price on shares of BP plc and gave the stock a “neutral” rating in a research report on Monday, July 18th. Barclays PLC reiterated an “overweight” rating and issued a GBX 600 ($7.31) price objective on shares of BP plc in a report on Tuesday, September 20th. Morgan Stanley upgraded shares of BP plc to an “overweight” rating and increased their price objective for the company from GBX 420 ($5.12) to GBX 485 ($5.91) in a report on Thursday, June 30th. Jefferies Group reiterated a “hold” rating and issued a GBX 400 ($4.88) price objective on shares of BP plc in a report on Tuesday, August 2nd. Finally, S&P Global Inc. set a GBX 450 ($5.48) price objective on shares of BP plc and gave the company a “neutral” rating in a report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 454.44 ($5.54).
BP plc (LON:BP) opened at 488.55 on Tuesday. The firm’s market capitalization is GBX 91.74 billion. BP plc has a 12 month low of GBX 249.44 and a 12 month high of GBX 498.45. The company’s 50 day moving average price is GBX 445.59 and its 200 day moving average price is GBX 406.90.
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In related news, insider Brian Gilvary purchased 65 shares of the firm’s stock in a transaction on Monday, October 10th. The shares were bought at an average cost of GBX 486 ($5.92) per share, for a total transaction of £315.90 ($385.01).
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.
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