BP (BP) PT Set at GBX 665 by Credit Suisse Group
BP (LON:BP) received a GBX 665 ($8.69) price objective from equities research analysts at Credit Suisse Group in a research note issued on Wednesday. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. Credit Suisse Group’s target price points to a potential upside of 19.54% from the company’s current price.
Several other analysts also recently weighed in on the company. Citigroup upgraded BP to a “top pick” rating and set a GBX 650 ($8.49) target price for the company in a research note on Thursday, August 16th. Morgan Stanley upgraded BP from an “equal” rating to an “overweight” rating and raised their target price for the company from GBX 680 ($8.89) to GBX 695 ($9.08) in a research note on Wednesday, September 5th. Barclays restated a “top pick” rating on shares of BP in a research note on Monday, August 20th. JPMorgan Chase & Co. set a GBX 650 ($8.49) target price on BP and gave the company a “buy” rating in a research note on Thursday, August 30th. Finally, Goldman Sachs Group restated a “conviction-buy” rating and set a GBX 730 ($9.54) target price (up from GBX 670 ($8.75)) on shares of BP in a research note on Monday, August 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 631.90 ($8.26).
Shares of BP stock opened at GBX 556.30 ($7.27) on Wednesday. BP has a 1-year low of GBX 436.95 ($5.71) and a 1-year high of GBX 536.20 ($7.01).
BP Company Profile
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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