BP plc (BP) PT Set at GBX 418 by Goldman Sachs Group Inc.
BP plc (LON:BP) received a GBX 418 ($5.46) target price from equities researchers at Goldman Sachs Group Inc. in a note issued to investors on Wednesday. The firm currently has a a “neutral” rating on the oil and gas exploration company’s stock. Goldman Sachs Group Inc.’s price objective suggests a potential downside of 11.72% from the stock’s previous close.
A number of other brokerages have also recently commented on BP. HSBC set a GBX 505 ($6.59) target price on BP plc and gave the company a “buy” rating in a report on Wednesday, July 13th. Barclays PLC reiterated an “overweight” rating and issued a GBX 600 ($7.83) price objective on shares of BP plc in a research note on Tuesday. Jefferies Group reiterated a “hold” rating and issued a GBX 400 ($5.22) price objective on shares of BP plc in a research note on Monday, July 18th. Independent Research GmbH set a GBX 490 ($6.40) price objective on BP plc and gave the company a “neutral” rating in a research note on Monday, July 18th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of BP plc in a research note on Monday, July 11th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. BP plc has a consensus rating of “Hold” and an average price target of GBX 441.44 ($5.76).
Shares of BP plc (LON:BP) opened at 482.60 on Wednesday. The company has a 50-day moving average of GBX 434.76 and a 200-day moving average of GBX 400.40. The stock’s market capitalization is GBX 90.62 billion. BP plc has a 1-year low of GBX 249.44 and a 1-year high of GBX 485.20.
In other news, insider Gilvary,Brian bought 70 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were 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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