Barclays PLC restated their overweight rating on shares of BP plc (LON:BP) in a research note released on Monday. The firm currently has a GBX 600 ($7.43) target price on the oil and gas exploration company’s stock.
Other equities research analysts also recently issued reports about the company. Macquarie reissued a neutral rating and issued a GBX 425 ($5.26) price objective on shares of BP plc in a research note on Monday, August 1st. Societe Generale reissued a buy rating and issued a GBX 500 ($6.19) price objective on shares of BP plc in a research note on Wednesday, July 27th. Liberum Capital increased their price objective on BP plc from GBX 382 ($4.73) to GBX 433 ($5.36) and gave the stock a hold rating in a research note on Wednesday, June 29th. Jefferies Group reissued a hold rating and issued a GBX 400 ($4.95) price objective on shares of BP plc in a research note on Wednesday, September 7th. Finally, Citigroup Inc. reissued a buy rating on shares of BP plc in a research note on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 451.64 ($5.59).
BP plc (LON:BP) opened at 490.85 on Monday. The firm has a 50-day moving average price of GBX 437.88 and a 200-day moving average price of GBX 402.57. BP plc has a 12-month low of GBX 249.44 and a 12-month high of GBX 498.45. The stock’s market cap is GBX 92.17 billion.
About BP plc
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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