BP plc Rating Reiterated by Deutsche Bank (BP)

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Deutsche Bank reiterated their buy rating on shares of BP plc (LON:BP) in a research report released on Thursday morning, Analyst Ratings News reports. Deutsche Bank currently has a GBX 540 ($8.99) price objective on the stock.

Deutsche Bank has also modified their ratings on a number of other stocks in the few days. The firm downgraded shares of Harmony Gold Mining Co. from a buy rating to a hold rating. Also, Deutsche Bank upgraded shares of Banco Santander, S.A. from a sell rating to a hold rating. Finally, Deutsche Bank reiterated its buy rating on shares of Barclays.

BP has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein reiterated a market perform rating on shares of BP plc in a research note on Tuesday. They now have a GBX 490 ($8.15) price target on the stock. Separately, analysts at BNP Paribas reiterated a neutral rating on shares of BP plc in a research note on Monday, March 24th. They now have a GBX 530 ($8.82) price target on the stock. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 487.39 ($8.11).

BP plc (LON:BP) opened at 488.40 on Thursday. BP plc has a 52-week low of GBX 407.95 and a 52-week high of GBX 510.00. The stock has a 50-day moving average of GBX 486.2 and a 200-day moving average of GBX 475.0. The company’s market cap is £90.871 billion.

BP p.l.c. (LON:BP), is an integrated oil and gas company.

To view Deutsche Bank’s full report, visit Deutsche Bank’s official website.

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