BP (BP) Raised to Outperform at Raymond James
BP (LON:BP) was upgraded by investment analysts at Raymond James to an “outperform” rating in a research note issued to investors on Tuesday.
A number of other brokerages also recently issued reports on BP. Barclays reissued an “overweight” rating on shares of BP in a research report on Tuesday, October 30th. JPMorgan Chase & Co. set a GBX 650 ($8.49) price target on BP and gave the stock a “buy” rating in a research report on Tuesday, August 7th. UBS Group reissued a “buy” rating and set a GBX 610 ($7.97) price target on shares of BP in a research report on Friday, July 27th. Goldman Sachs Group reissued a “conviction-buy” rating and set a GBX 730 ($9.54) price target (up previously from GBX 670 ($8.75)) on shares of BP in a research report on Monday, August 6th. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 700 ($9.15) price target on shares of BP in a research report on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 635.71 ($8.31).
LON:BP traded down GBX 8.90 ($0.12) during trading hours on Tuesday, reaching GBX 516 ($6.74). 20,208,749 shares of the company were exchanged, compared to its average volume of 35,510,000. 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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