BP plc (LON:BP) had its price target lifted by HSBC from GBX 495 ($6.13) to GBX 570 ($7.05) in a report published on Tuesday. HSBC currently has a buy rating on the oil and gas exploration company’s stock.
Several other research analysts also recently weighed in on BP. Societe Generale reaffirmed a buy rating and set a GBX 430 ($5.32) target price on shares of BP plc in a research note on Monday, June 13th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 460 ($5.69) target price on shares of BP plc in a research note on Monday, June 13th. Citigroup Inc. reaffirmed a buy rating on shares of BP plc in a research note on Wednesday, June 22nd. Sanford C. Bernstein set a GBX 480 ($5.94) target price on BP plc and gave the stock a buy rating in a research note on Monday, June 27th. Finally, Barclays PLC set a GBX 565 ($6.99) target price on BP plc and gave the stock a buy rating in a research note on Monday, June 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 451.64 ($5.59).
Shares of BP plc (LON:BP) opened at 491.462 on Tuesday. The company’s market capitalization is GBX 92.28 billion. BP plc has a 12 month low of GBX 249.44 and a 12 month high of GBX 498.45. The company has a 50-day moving average price of GBX 443.90 and a 200-day moving average price of GBX 405.23.
In other BP plc news, insider Brian Gilvary acquired 65 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were acquired at an average price of GBX 486 ($6.01) per share, for a total transaction of £315.90 ($390.97).
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.
Receive News & Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related companies with MarketBeat.com's FREE daily email newsletter.