BP plc (BP) Receives Buy Rating from Deutsche Bank AG
BP plc (LON:BP)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a report released on Wednesday. They presently have a GBX 520 ($6.90) price objective on the oil and gas exploration company’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 7.05% from the stock’s current price.
BP has been the subject of a number of other research reports. Barclays PLC restated an “overweight” rating and issued a GBX 675 ($8.95) price target on shares of BP plc in a research report on Monday, August 21st. Credit Suisse Group restated an “outperform” rating and issued a GBX 530 ($7.03) price target on shares of BP plc in a research report on Friday, September 1st. Jefferies Group LLC set a GBX 470 ($6.23) price target on BP plc and gave the stock a “neutral” rating in a research report on Tuesday, August 29th. UBS AG set a GBX 525 ($6.96) price target on BP plc and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Finally, Morgan Stanley restated an “overweight” rating and issued a GBX 510 ($6.76) price target on shares of BP plc in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 510.14 ($6.77).
Shares of BP plc (BP) opened at 486.75 on Wednesday. The company has a 50-day moving average price of GBX 454.64 and a 200 day moving average price of GBX 456.80. BP plc has a one year low of GBX 4.80 and a one year high of GBX 521.20. The stock’s market cap is GBX 95.82 billion.
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In related news, insider Brian Gilvary acquired 70 shares of the stock in a transaction dated Monday, July 10th. The stock was acquired at an average cost of GBX 444 ($5.89) per share, with a total value of £310.80 ($412.26). Insiders bought a total of 208 shares of company stock valued at $94,192 over the last ninety days.
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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