BP plc Rating Reiterated by Deutsche Bank (BP)

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Deutsche Bank restated their buy rating on shares of BP plc (LON:BP) in a report released on Friday, MarketBeat Ratings reports. Deutsche Bank currently has a GBX 450 ($6.89) price target on the oil and gas exploration company’s stock.

BP has been the subject of a number of other reports. Barclays restated an overweight rating and issued a GBX 600 ($9.19) price objective on shares of BP plc in a research note on Wednesday, October 7th. Sanford C. Bernstein reiterated a market perform rating and set a GBX 475 ($7.28) target price on shares of BP plc in a research note on Monday, July 20th. Independent Research GmbH reissued a sell rating and issued a GBX 430 ($6.59) price target on shares of BP plc in a report on Wednesday, June 24th. Oddo & Cie reaffirmed a neutral rating and issued a GBX 390 ($5.98) target price on shares of BP plc in a report on Thursday, September 3rd. Finally, Jefferies Group upped their price target on shares of BP plc from GBX 470 ($7.20) to GBX 480 ($7.35) and gave the stock a buy rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 415.40 ($6.36).

In other BP plc news, insider Svanberg,Carl-Henric purchased 1,000,000 shares of the company’s stock in a transaction on Monday, September 7th. The shares were purchased at an average cost of GBX 343 ($5.26) per share, with a total value of £3,430,000 ($5,255,094.22). Also, insider Gilvary,Brian purchased 80 shares of the company’s stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of GBX 386 ($5.91) per share, for a total transaction of £308.80 ($473.11).

BP plc (LON:BP) opened at 377.65 on Friday. The firm’s 50-day moving average is GBX 348.39 and its 200 day moving average is GBX 412.05. BP plc has a one year low of GBX 319.90 and a one year high of GBX 499.25. The firm’s market capitalization is GBX 69.18 billion.

BP p.l.c. (LON:BP) is an integrated petroleum and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items, including clothes paints and packaging. The Organization operates in three business segments: Upstream, Downstream and Rosneft. The Upstream segment’s activities include petroleum and natural gas exploration, field development and creation; midstream transfer, storage and processing, and the promotion and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs). The Business ‘s Downstream segment’s activities include the refining, producing, promotion, transportation, and supply and trading of petroleum crude oil, petrochemicals products and services that are relevant to retail and wholesale customers. An oil company in Russia, bP’s interest in Rosneft, is reported as a separate operating segment.

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