Bank of America Analysts Give BP (BP) a GBX 400 Price Target
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).
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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.
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