BP plc (BP) Earns “Overweight” Rating from Barclays PLC
Barclays PLC reissued their overweight rating on shares of BP plc (LON:BP) in a research note issued to investors on Tuesday morning. Barclays PLC currently has a GBX 600 ($7.83) price objective on the oil and gas exploration company’s stock.
Several other brokerages have also recently issued reports on BP. Goldman Sachs Group Inc. set a GBX 405 ($5.29) price target on shares of BP plc and gave the stock a neutral rating in a research report on Monday, July 18th. Morgan Stanley raised shares of BP plc to an overweight rating and raised their target price for the company from GBX 420 ($5.48) to GBX 485 ($6.33) in a report on Thursday, June 30th. Jefferies Group reaffirmed a hold rating and issued a GBX 400 ($5.22) target price on shares of BP plc in a report on Tuesday, August 2nd. S&P Global Inc. set a GBX 450 ($5.87) target price on shares of BP plc and gave the company a neutral rating in a report on Tuesday, July 26th. Finally, Credit Suisse Group AG reaffirmed a neutral rating and issued a GBX 430 ($5.61) target price on shares of BP plc in a report on Monday, July 4th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 441.44 ($5.76).
BP plc (LON:BP) opened at 482.60 on Tuesday. The firm’s 50-day moving average is GBX 434.76 and its 200-day moving average is GBX 400.40. BP plc has a 52-week low of GBX 249.44 and a 52-week high of GBX 485.20. The stock’s market cap is GBX 90.62 billion.
In related news, insider Gilvary,Brian acquired 70 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The stock was purchased at an average price of GBX 457 ($5.97) per share, for a total transaction of £319.90 ($417.57).
About BP plc
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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