BP (BP) Stock Rating Reaffirmed by Morgan Stanley
BP (LON:BP)‘s stock had its “overweight” rating restated by analysts at Morgan Stanley in a report issued on Thursday.
Several other research firms have also recently commented on BP. BNP Paribas restated an “outperform” rating and issued a GBX 700 ($9.15) target price on shares of BP in a research note on Thursday, October 4th. Goldman Sachs Group set a GBX 730 ($9.54) target price on shares of BP and gave the stock a “buy” rating in a research note on Monday, October 1st. Barclays restated an “overweight” rating and issued a GBX 705 ($9.21) target price on shares of BP in a research note on Monday, October 8th. Kepler Capital Markets restated a “buy” rating on shares of BP in a research note on Wednesday, July 4th. Finally, Societe Generale reiterated a “buy” rating on shares of BP in a report on Thursday, June 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. BP currently has an average rating of “Buy” and an average target price of GBX 631.90 ($8.26).
BP stock opened at GBX 557.50 ($7.28) on Thursday. BP has a one year low of GBX 436.95 ($5.71) and a one 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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