BP plc (LON:BP) has been given a GBX 418 ($5.46) target price by stock analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Wednesday. The brokerage presently has a a “neutral” rating on the oil and gas exploration company’s stock. Goldman Sachs Group Inc.’s target price indicates a potential downside of 10.67% from the stock’s previous close.
Several other equities analysts also recently weighed in on the company. Barclays PLC reissued an “overweight” rating and set a GBX 600 ($7.83) price target on shares of BP plc in a research report on Monday, July 11th. Jefferies Group reissued a “hold” rating and set a GBX 400 ($5.22) price target on shares of BP plc in a research report on Tuesday, August 2nd. HSBC reissued a “buy” rating and set a GBX 430 ($5.61) price target on shares of BP plc in a research report on Monday, June 20th. Morgan Stanley reissued an “overweight” rating on shares of BP plc in a research report on Monday, July 11th. Finally, Citigroup Inc. raised BP plc to a “buy” rating and raised their price target for the stock from GBX 370 ($4.83) to GBX 410 ($5.35) in a research report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 441.44 ($5.76).
Shares of BP plc (LON:BP) opened at 468.55 on Wednesday. BP plc has a 52-week low of GBX 249.44 and a 52-week high of GBX 471.85. The firm has a 50-day moving average price of GBX 432.80 and a 200-day moving average price of GBX 399.08. The firm’s market cap is GBX 87.98 billion.
In other BP plc news, insider Gilvary,Brian purchased 70 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were acquired at an average price of GBX 457 ($5.97) per share, for a total transaction of £319.90 ($417.57).
BP plc Company Profile
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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