BP plc’s (BP) Overweight Rating Reiterated at Barclays PLC
Barclays PLC reiterated their overweight rating on shares of BP plc (LON:BP) in a report issued on Tuesday morning. The firm currently has a GBX 600 ($7.83) target price on the oil and gas exploration company’s stock.
Other research analysts also recently issued reports about the company. Deutsche Bank AG reiterated a buy rating on shares of BP plc in a research note on Monday, May 23rd. HSBC reiterated a buy rating and set a GBX 410 ($5.35) target price on shares of BP plc in a research note on Tuesday, May 31st. JPMorgan Chase & Co. set a GBX 410 ($5.35) price target on BP plc and gave the company a buy rating in a research note on Wednesday, May 25th. Citigroup Inc. restated a buy rating on shares of BP plc in a research note on Wednesday, June 22nd. Finally, Societe Generale restated a buy rating and issued a GBX 430 ($5.61) price target on shares of BP plc in a research note on Monday, June 13th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the company. BP plc has an average rating of Hold and an average price target of GBX 440.72 ($5.75).
Shares of BP plc (LON:BP) opened at 435.25 on Tuesday. The firm has a 50-day moving average price of GBX 428.19 and a 200-day moving average price of GBX 393.54. BP plc has a 12 month low of GBX 249.44 and a 12 month high of GBX 464.40. The company’s market capitalization is GBX 81.73 billion.
In other news, insider Gilvary,Brian acquired 70 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The stock was bought at an average cost of GBX 457 ($5.97) per share, for a total transaction of £319.90 ($417.57).
BP plc Company Profile
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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