Kepler Capital Markets Reaffirms Reduce Rating for BP plc (BP)
BP plc (LON:BP)‘s stock had its “reduce” rating reaffirmed by stock analysts at Kepler Capital Markets in a note issued to investors on Friday. They currently have a GBX 430 ($5.55) price target on the oil and gas exploration company’s stock. Kepler Capital Markets’ price target points to a potential downside of 4.07% from the stock’s current price.
BP has been the topic of a number of other research reports. Barclays PLC reiterated an “overweight” rating and set a GBX 675 ($8.72) price target on shares of BP plc in a report on Monday, August 21st. Credit Suisse Group reiterated an “outperform” rating and set a GBX 530 ($6.84) price target 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 stock a “neutral” rating in a report on Tuesday, August 29th. UBS AG set a GBX 525 ($6.78) target price on shares of BP plc and gave the stock a “buy” rating in a report on Wednesday, September 6th. Finally, 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 stock a “buy” rating in a report on Monday, September 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 506.73 ($6.54).
Shares of BP plc (LON BP) traded down 0.76% during trading on Friday, hitting GBX 448.25. The stock had a trading volume of 48,923,130 shares. BP plc has a 52-week low of GBX 411.60 and a 52-week high of GBX 521.20. The stock has a 50 day moving average of GBX 449.35 and a 200 day moving average of GBX 455.94. The firm’s market cap is GBX 88.25 billion.
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In other news, insider Brian Gilvary acquired 68 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of GBX 469 ($6.06) per share, for a total transaction of £318.92 ($411.88). Insiders have bought a total of 208 shares of company stock worth $94,192 over 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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