BP plc (BP) Given a GBX 565 Price Target by HSBC Holdings plc Analysts
BP plc (LON:BP) received a GBX 565 ($7.43) target price from equities researchers at HSBC Holdings plc in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. HSBC Holdings plc’s price objective indicates a potential upside of 14.97% from the stock’s current price.
A number of other equities analysts also recently commented on BP. Citigroup Inc. restated a “neutral” rating and issued a GBX 480 ($6.31) price objective on shares of BP plc in a report on Thursday, June 15th. BNP Paribas restated an “outperform” rating and issued a GBX 540 ($7.10) price objective on shares of BP plc in a report on Friday, June 16th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 525 ($6.90) target price on shares of BP plc in a research note on Friday, June 16th. UBS AG set a GBX 525 ($6.90) target price on BP plc and gave the company a “buy” rating in a research note on Monday, June 19th. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 625 ($8.22) target price on shares of BP plc in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. BP plc presently has a consensus rating of “Buy” and an average price target of GBX 511.05 ($6.72).
In other BP plc news, insider Brian Gilvary purchased 70 shares of the stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of GBX 446 ($5.86) per share, for a total transaction of £312.20 ($410.47). Insiders purchased a total of 201 shares of company stock worth $93,730 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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