Barclays PLC Reaffirms Overweight Rating for BP plc (BP)
Barclays PLC reiterated their overweight rating on shares of BP plc (LON:BP) in a report issued on Monday. The firm currently has a GBX 600 ($7.43) price objective on the oil and gas exploration company’s stock.
BP has been the topic of a number of other reports. Goldman Sachs Group Inc. set a GBX 418 ($5.17) target price on shares of BP plc and gave the company a neutral rating in a report on Wednesday, October 5th. Jefferies Group reaffirmed a hold rating and issued a GBX 400 ($4.95) target price on shares of BP plc in a report on Wednesday, September 7th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 520 ($6.44) target price on shares of BP plc in a report on Tuesday, September 6th. HSBC reaffirmed a buy rating and issued a GBX 495 ($6.13) target price on shares of BP plc in a report on Wednesday, September 7th. Finally, Credit Suisse Group AG reaffirmed a neutral rating and issued a GBX 430 ($5.32) target price on shares of BP plc in a report on Monday, July 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. BP plc has an average rating of Hold and an average target price of GBX 451.64 ($5.59).
BP plc (LON:BP) opened at 484.20 on Monday. The firm’s market cap is GBX 90.92 billion. BP plc has a 52 week low of GBX 249.44 and a 52 week high of GBX 498.45. The firm’s 50-day moving average is GBX 440.74 and its 200-day moving average is GBX 404.08.
In other BP plc news, insider Brian Gilvary bought 65 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The stock was purchased at an average price of GBX 486 ($6.01) per share, with a total value of £315.90 ($390.97).
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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