BP (LON:BP) has been given a GBX 400 ($5.38) price objective by Bank of America in a research note issued on Tuesday. The firm currently has a “sell” rating on the oil and gas exploration company’s stock. Bank of America’s price objective would suggest a potential downside of 18.75% from the company’s previous close.

Other analysts also recently issued reports about the company. Goldman Sachs Group lifted their price target on BP from GBX 480 ($6.46) to GBX 500 ($6.73) and gave the stock a “neutral” rating in a report on Friday, September 22nd. Barclays reissued an “overweight” rating and issued a GBX 675 ($9.08) target price on shares of BP in a report on Monday. UBS set a GBX 550 ($7.40) target price on BP and gave the company a “buy” rating in a report on Monday. J P Morgan Chase & Co set a GBX 500 ($6.73) target price on BP and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Citigroup reissued a “neutral” rating and issued a GBX 480 ($6.46) target price on shares of BP in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. BP has an average rating of “Hold” and a consensus price target of GBX 533.25 ($7.18).

Shares of BP (BP) opened at GBX 492.30 ($6.63) on Tuesday. BP has a fifty-two week low of GBX 436.95 ($5.88) and a fifty-two week high of GBX 529 ($7.12).

In other BP news, insider Brian Gilvary bought 63 shares of the company’s stock in a transaction on Friday, November 10th. The shares were bought at an average price of GBX 515 ($6.93) per share, for a total transaction of £324.45 ($436.68). Insiders have acquired a total of 196 shares of company stock worth $94,283 in the last quarter.

COPYRIGHT VIOLATION NOTICE: “Bank of America Analysts Give BP (BP) a GBX 400 Price Target” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/05/bank-of-america-analysts-give-bp-bp-a-gbx-400-price-target.html.

BP 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.

Analyst Recommendations for BP (LON:BP)

Receive News & Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related companies with MarketBeat.com's FREE daily email newsletter.