Morgan Stanley set a GBX 515 ($6.36) target price on BP plc (LON:BP) in a research note issued to investors on Wednesday. The firm currently has a buy rating on the oil and gas exploration company’s stock.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 530 ($6.55) price objective on shares of BP plc in a report on Friday, March 10th. Goldman Sachs Group Inc set a GBX 480 ($5.93) price objective on BP plc and gave the company a neutral rating in a report on Tuesday, March 7th. Barclays PLC reiterated an overweight rating and issued a GBX 625 ($7.72) price objective on shares of BP plc in a report on Friday, March 3rd. HSBC Holdings plc restated a buy rating and set a GBX 565 ($6.98) price target on shares of BP plc in a research note on Thursday, March 2nd. Finally, Kepler Capital Markets set a GBX 510 ($6.30) price target on BP plc and gave the stock a neutral rating in a research note on Thursday, March 2nd. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 511.33 ($6.32).

Shares of BP plc (LON:BP) opened at 463.15 on Wednesday. BP plc has a 52-week low of GBX 249.43 and a 52-week high of GBX 521.20. The company’s 50 day moving average price is GBX 460.08 and its 200 day moving average price is GBX 468.29. The stock’s market cap is GBX 90.03 billion.

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In other news, insider Nils Smedegaard Andersen acquired 22,145 shares of BP plc stock in a transaction that occurred on Thursday, January 5th. The stock was purchased at an average price of GBX 514 ($6.35) per share, for a total transaction of £113,825.30 ($140,577.13). Also, insider Brian Gilvary acquired 60 shares of BP plc stock in a transaction that occurred on Tuesday, January 10th. The stock was purchased at an average price of GBX 514 ($6.35) per share, with a total value of £308.40 ($380.88). In the last 90 days, insiders purchased 52,275 shares of company stock valued at $24,825,500.

BP plc Company Profile

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

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