BP plc (BP) Given New GBX 570 Price Target at HSBC
BP plc (LON:BP) had its price objective raised by HSBC from GBX 495 ($6.13) to GBX 570 ($7.05) in a research note released on Tuesday morning. HSBC currently has a buy rating on the oil and gas exploration company’s stock.
A number of other equities research analysts also recently commented on BP. Deutsche Bank AG restated a buy rating and issued a GBX 460 ($5.69) price objective on shares of BP plc in a research report on Monday, June 13th. Societe Generale restated a buy rating and issued a GBX 430 ($5.32) price objective on shares of BP plc in a research report on Monday, June 13th. Barclays PLC restated an overweight rating and issued a GBX 550 ($6.81) price objective on shares of BP plc in a research report on Tuesday, June 14th. Citigroup Inc. upgraded shares of BP plc to a buy rating and raised their price objective for the company from GBX 370 ($4.58) to GBX 410 ($5.07) in a research report on Thursday, June 16th. Finally, JPMorgan Chase & Co. restated an overweight rating and issued a GBX 410 ($5.07) price objective on shares of BP plc in a research report on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 451.64 ($5.59).
Shares of BP plc (LON:BP) traded up 0.02% on Tuesday, hitting GBX 486.85. The stock had a trading volume of 21,220,370 shares. The firm’s market cap is GBX 91.42 billion. BP plc has a 12-month low of GBX 249.44 and a 12-month high of GBX 498.45. The stock has a 50 day moving average of GBX 439.20 and a 200 day moving average of GBX 403.51.
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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