BP plc (BP) Earns Sector Performer Rating from Royal Bank Of Canada
BP plc (LON:BP)‘s stock had its “sector performer” rating reaffirmed by stock analysts at Royal Bank Of Canada in a note issued to investors on Monday. They presently have a GBX 500 ($6.60) price objective on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 1.84% from the stock’s current price.
Several other research analysts have also recently weighed in on BP. Kepler Capital Markets cut BP plc from a “hold” rating to a “reduce” rating and lowered their price objective for the stock from GBX 470 ($6.20) to GBX 430 ($5.67) in a research report on Friday, June 30th. Barclays PLC reiterated an “overweight” rating and set a GBX 675 ($8.91) price objective (up previously from GBX 625 ($8.25)) on shares of BP plc in a research report on Monday, July 3rd. UBS AG set a GBX 525 ($6.93) price target on BP plc and gave the stock a “buy” rating in a research report on Tuesday, July 4th. Deutsche Bank AG decreased their price target on BP plc from GBX 515 ($6.80) to GBX 505 ($6.66) and set a “buy” rating on the stock in a research report on Wednesday, July 5th. Finally, J P Morgan Chase & Co set a GBX 530 ($6.99) price target on BP plc and gave the stock a “buy” rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 514.23 ($6.79).
Shares of BP plc (LON BP) traded down 0.19% during midday trading on Monday, reaching GBX 490.95. 19,505,181 shares of the company’s stock traded hands. The stock’s market cap is GBX 96.65 billion. BP plc has a 52-week low of GBX 432.15 and a 52-week high of GBX 521.20. The stock has a 50 day moving average of GBX 471.55 and a 200-day moving average of GBX 459.77.
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In related news, insider Brian Gilvary acquired 70 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were bought at an average cost of GBX 446 ($5.89) per share, with a total value of £312.20 ($411.98). Over the last ninety days, insiders purchased 201 shares of company stock worth $93,730.
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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