BP plc (BP) PT Set at GBX 525 by UBS AG
BP plc (LON:BP) has been assigned a GBX 525 ($6.78) price objective by research analysts at UBS AG in a research note issued on Wednesday, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. UBS AG’s target price points to a potential upside of 17.69% from the stock’s current price.
BP has been the topic of several other reports. Barclays PLC reissued an “overweight” rating and issued a GBX 675 ($8.72) target price on shares of BP plc in a report on Monday, August 21st. Credit Suisse Group reissued an “outperform” rating and issued a GBX 530 ($6.84) target price on shares of BP plc in a report on Friday, September 1st. Jefferies Group LLC set a GBX 470 ($6.07) target price on shares of BP plc and gave the company a “neutral” rating in a report on Tuesday, August 29th. Deutsche Bank AG raised their target price on shares of BP plc from GBX 505 ($6.52) to GBX 520 ($6.72) and gave the company a “buy” rating in a report on Monday, September 4th. Finally, Morgan Stanley reissued an “overweight” rating and issued a GBX 510 ($6.59) target price on shares of BP plc in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 506.73 ($6.54).
Shares of BP plc (LON:BP) traded down 0.84% during mid-day trading on Wednesday, reaching GBX 446.10. 13,844,664 shares of the company’s stock traded hands. The firm has a 50 day moving average price of GBX 448.75 and a 200-day moving average price of GBX 455.88. BP plc has a 12 month low of GBX 411.60 and a 12 month high of GBX 521.20. The stock’s market cap is GBX 87.82 billion.
In other news, insider Brian Gilvary purchased 68 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were purchased at an average price of GBX 468 ($6.04) per share, for a total transaction of £318.24 ($411.00). Insiders bought a total of 206 shares of company stock worth $94,796 in the last 90 days.
About BP plc
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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