BP plc (BP) PT Set at GBX 500 by Royal Bank Of Canada
Royal Bank Of Canada set a GBX 500 ($6.60) target price on BP plc (LON:BP) in a research note released on Wednesday morning. The firm currently has a neutral rating on the oil and gas exploration company’s stock.
Other analysts also recently issued reports about the company. UBS AG set a GBX 525 ($6.93) price objective on BP plc and gave the stock a buy rating in a research note on Tuesday, April 25th. J P Morgan Chase & Co reissued an overweight rating and issued a GBX 530 ($6.99) price objective on shares of BP plc in a research note on Monday, June 12th. Barclays PLC reissued an overweight rating and issued a GBX 625 ($8.24) price objective on shares of BP plc in a research note on Tuesday, June 20th. Deutsche Bank AG reissued a buy rating and issued a GBX 515 ($6.79) price objective on shares of BP plc in a research note on Wednesday, June 21st. Finally, Macquarie downgraded BP plc from a neutral rating to an underperform rating and lowered their price objective for the stock from to in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. BP plc presently has an average rating of Hold and an average target price of GBX 506.50 ($6.68).
BP plc (LON BP) opened at 463.30 on Wednesday. BP plc has a 1-year low of GBX 408.63 and a 1-year high of GBX 521.20. The company’s market capitalization is GBX 91.45 billion. The firm has a 50-day moving average price of GBX 451.59 and a 200-day moving average price of GBX 460.75.
In other BP plc news, insider Brian Gilvary acquired 68 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were bought at an average price of GBX 468 ($6.17) per share, for a total transaction of £318.24 ($419.79). Insiders purchased 206 shares of company stock worth $93,912 in the last quarter.
About BP plc
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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