BP (BP) Receives Outperform Rating from BNP Paribas

BP (LON:BP)‘s stock had its “outperform” rating reiterated by equities research analysts at BNP Paribas in a research note issued to investors on Monday. They presently have a GBX 570 ($7.99) price target on the oil and gas exploration company’s stock. BNP Paribas’ price target would suggest a potential upside of 18.69% from the stock’s current price.

BP has been the subject of a number of other reports. Barclays reiterated an “overweight” rating and issued a GBX 675 ($9.46) price objective on shares of BP in a research note on Monday, November 13th. JPMorgan Chase & Co. set a GBX 560 ($7.85) price objective on shares of BP and gave the company a “buy” rating in a research note on Monday, January 22nd. Jefferies Group reiterated a “hold” rating and issued a GBX 500 ($7.01) price objective on shares of BP in a research note on Wednesday, November 1st. UBS Group set a GBX 550 ($7.71) price target on shares of BP and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Deutsche Bank set a GBX 565 ($7.92) price target on shares of BP and gave the company a “buy” rating in a report on Monday, January 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. BP presently has a consensus rating of “Hold” and an average target price of GBX 555.79 ($7.79).

BP (LON:BP) opened at GBX 480.25 ($6.73) on Monday. BP has a one year low of GBX 436.95 ($6.13) and a one year high of GBX 536.20 ($7.52). The firm has a market cap of $95,720.00 and a P/E ratio of 4,002.08.

In other BP news, insider Brian Gilvary purchased 60 shares of the stock in a transaction on Wednesday, January 10th. The stock was acquired at an average cost of GBX 528 ($7.40) per share, with a total value of £316.80 ($444.20).

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About BP

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)

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