BP plc (LON:BP)‘s stock had its “neutral” rating reiterated by equities research analysts at Goldman Sachs Group, Inc. (The) in a report issued on Wednesday, August 2nd. They currently have a GBX 480 ($6.25) price target on the oil and gas exploration company’s stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential upside of 7.20% from the company’s previous close.
A number of other research firms also recently weighed in on BP. HSBC Holdings plc increased their target price on shares of BP plc from GBX 550 ($7.16) to GBX 565 ($7.36) and gave the company a “buy” rating in a research report on Friday, June 16th. Deutsche Bank AG reissued a “buy” rating and set a GBX 505 ($6.58) target price on shares of BP plc in a research report on Wednesday, May 3rd. Barclays PLC reissued an “overweight” rating and set a GBX 625 ($8.14) target price on shares of BP plc in a research report on Thursday, April 13th. UBS AG set a GBX 525 ($6.84) target price on shares of BP plc and gave the company a “buy” rating in a research report on Monday, June 12th. Finally, Kepler Capital Markets cut BP plc from a “hold” rating to a “reduce” rating and cut their price target for the stock from GBX 470 ($6.12) to GBX 430 ($5.60) in a report on Friday, June 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. BP plc has an average rating of “Hold” and a consensus price target of GBX 506.50 ($6.60).
Shares of BP plc (LON:BP) traded down 2.18% on Wednesday, hitting GBX 447.75. 26,189,652 shares of the stock traded hands. The stock has a 50 day moving average of GBX 451.14 and a 200-day moving average of GBX 459.16. BP plc has a 1-year low of GBX 411.60 and a 1-year high of GBX 521.20. The stock’s market cap is GBX 88.38 billion.
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In other BP plc news, insider Brian Gilvary bought 68 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was purchased at an average cost of GBX 468 ($6.09) per share, with a total value of £318.24 ($414.43).
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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