BP plc (LON:BP) Given a GBX 500 Price Target by J P Morgan Chase & Co Analysts
BP plc (LON:BP) has been given a GBX 500 ($6.51) target price by research analysts at J P Morgan Chase & Co in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. J P Morgan Chase & Co’s price target points to a potential upside of 6.12% from the company’s previous close.
Several other analysts have also issued reports on the stock. Barclays PLC reiterated an “overweight” rating and issued a GBX 675 ($8.79) target price on shares of BP plc in a research note on Monday. Credit Suisse Group set a GBX 530 ($6.90) target price on shares of BP plc and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada set a GBX 500 ($6.51) target price on shares of BP plc and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 480 ($6.25) target price on shares of BP plc in a research note on Wednesday, August 2nd. Finally, UBS AG set a GBX 525 ($6.84) target price on shares of BP plc and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 506.50 ($6.60).
Shares of BP plc (LON:BP) opened at 469.05 on Wednesday. The firm’s market cap is GBX 92.58 billion. The firm has a 50-day moving average of GBX 451.70 and a 200-day moving average of GBX 459.66. BP plc has a 52 week low of GBX 411.60 and a 52 week high of GBX 521.20.
In other news, insider Brian Gilvary purchased 70 shares of the stock in a transaction dated Monday, July 10th. The shares were purchased at an average cost of GBX 444 ($5.78) per share, with a total value of £310.80 ($404.74).
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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