UBS AG Analysts Give BP plc (BP) a GBX 525 Price Target
BP plc (LON:BP) has been assigned a GBX 525 ($6.78) target price by research analysts at UBS AG in a report released on Friday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. UBS AG’s price target indicates a potential upside of 16.23% from the stock’s previous close.
BP has been the topic of several other reports. Barclays PLC reissued an “overweight” rating and set a GBX 675 ($8.72) price target on shares of BP plc in a research report on Monday, August 21st. Credit Suisse Group reissued an “outperform” rating and set a GBX 530 ($6.84) price target on shares of BP plc in a research report on Friday, September 1st. Jefferies Group LLC set a GBX 470 ($6.07) price target on BP plc and gave the company a “neutral” rating in a research report on Tuesday, August 29th. Deutsche Bank AG upped their price target on BP plc from GBX 505 ($6.52) to GBX 520 ($6.72) and gave the company a “buy” rating in a research report on Monday, September 4th. Finally, Morgan Stanley reissued an “overweight” rating and set a GBX 510 ($6.59) price target on shares of BP plc in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. BP plc has a consensus rating of “Hold” and an average price target of GBX 506.73 ($6.54).
Shares of BP plc (LON:BP) opened at 446.70 on Friday. BP plc has a 1-year low of GBX 411.60 and a 1-year high of GBX 521.20. The company’s 50 day moving average price is GBX 449.27 and its 200-day moving average price is GBX 455.99. The firm’s market cap is GBX 87.94 billion.
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In other BP plc news, insider Brian Gilvary bought 70 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was purchased at an average price of GBX 444 ($5.73) per share, for a total transaction of £310.80 ($401.39). In the last 90 days, insiders have purchased 208 shares of company stock valued at $94,192.
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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