BP plc (LON:BP) rose 1.6% during mid-day trading on Friday . The company traded as high as GBX 497.90 ($6.57) and last traded at GBX 497.90 ($6.57). Approximately 29,230,632 shares traded hands during trading, an increase of 9% from the average daily volume of 26,813,200 shares. The stock had previously closed at GBX 490 ($6.47).
BP has been the topic of a number of analyst reports. J P Morgan Chase & Co set a GBX 530 ($6.99) target price on shares of BP plc and gave the company a “buy” rating in a report on Wednesday, July 5th. Deutsche Bank AG lowered their target price on shares of BP plc from GBX 515 ($6.80) to GBX 505 ($6.66) and set a “buy” rating on the stock in a report on Wednesday, July 5th. UBS AG set a GBX 525 ($6.93) target price on shares of BP plc and gave the company a “buy” rating in a report on Tuesday, July 4th. Canaccord Genuity decreased their price target on shares of BP plc from GBX 525 ($6.93) to GBX 510 ($6.73) and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 565 ($7.46) price target on shares of BP plc in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, eleven have given 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 514.23 ($6.79).
The company’s 50-day moving average price is GBX 475.89 and its 200-day moving average price is GBX 460.58. The stock’s market cap is GBX 98.02 billion.
In related news, insider Brian Gilvary purchased 70 shares of BP plc stock in a transaction on Monday, September 11th. The shares were bought at an average cost of GBX 446 ($5.89) per share, for a total transaction of £312.20 ($411.98). Over the last quarter, insiders acquired 201 shares of company stock worth $93,730.
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About BP plc
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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