Deutsche Bank AG Analysts Give BP plc (BP) a GBX 505 Price Target
BP plc (LON:BP) has been assigned a GBX 505 ($6.15) price objective by stock analysts at Deutsche Bank AG in a research report issued on Tuesday. The firm presently has a a “neutral” rating on the oil and gas exploration company’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 4.39% from the company’s current price.
A number of other equities research analysts have also weighed in on BP. Citigroup Inc. reaffirmed a “buy” rating on shares of BP plc in a report on Wednesday, July 27th. Canaccord Genuity reissued a “buy” rating and set a GBX 520 ($6.34) price objective on shares of BP plc in a report on Wednesday, July 27th. Sanford C. Bernstein set a GBX 480 ($5.85) price objective on shares of BP plc and gave the stock a “buy” rating in a report on Monday, June 27th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 410 ($5.00) price objective on shares of BP plc in a report on Thursday, June 23rd. Finally, Jefferies Group reissued a “hold” rating and set a GBX 400 ($4.88) price objective on shares of BP plc in a report on Wednesday, July 27th. 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. The company presently has an average rating of “Hold” and a consensus target price of GBX 454.44 ($5.54).
BP plc (LON:BP) opened at 488.55 on Tuesday. The stock’s market capitalization is GBX 91.74 billion. The company’s 50-day moving average is GBX 445.59 and its 200 day moving average is GBX 406.90. BP plc has a 12-month low of GBX 249.44 and a 12-month high of GBX 498.45.
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In related news, insider Brian Gilvary acquired 65 shares of the stock in a transaction that occurred on Monday, October 10th. The shares were purchased at an average cost of GBX 486 ($5.92) per share, with a total value of £315.90 ($385.01).
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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