BP (BP) PT Set at GBX 625 by JPMorgan Chase & Co.
BP (LON:BP) has been given a GBX 625 ($8.17) price objective by equities researchers at JPMorgan Chase & Co. in a research report issued on Thursday. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 12.01% from the company’s current price.
Several other brokerages have also recently commented on BP. Deutsche Bank reissued a “buy” rating and set a GBX 620 ($8.10) target price on shares of BP in a report on Wednesday, September 19th. Berenberg Bank started coverage on BP in a report on Tuesday, September 11th. They set a “buy” rating and a GBX 665 ($8.69) target price on the stock. Goldman Sachs Group set a GBX 730 ($9.54) target price on BP and gave the stock a “buy” rating in a report on Monday, October 1st. Citigroup reissued a “buy” rating and set a GBX 650 ($8.49) target price on shares of BP in a report on Thursday, June 21st. Finally, HSBC set a GBX 675 ($8.82) target price on BP and gave the stock a “buy” rating in a report on Monday, July 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 629.52 ($8.23).
BP opened at GBX 558 ($7.29) on Thursday. BP has a twelve month low of GBX 436.95 ($5.71) and a twelve month high of GBX 536.20 ($7.01).
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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