BP plc (BP) Rating Reiterated by Credit Suisse Group

BP plc (LON:BP)‘s stock had its “outperform” rating reaffirmed by investment analysts at Credit Suisse Group in a note issued to investors on Thursday. They currently have a GBX 575 ($7.56) target price on the oil and gas exploration company’s stock. Credit Suisse Group’s target price indicates a potential upside of 13.43% from the stock’s previous close.

A number of other equities research analysts have also recently commented on BP. Barclays PLC reissued an “overweight” rating and issued a GBX 675 ($8.88) target price on shares of BP plc in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “hold” rating and issued a GBX 480 ($6.31) target price on shares of BP plc in a research note on Thursday, July 13th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 480 ($6.31) target price on shares of BP plc in a research note on Thursday, July 13th. J P Morgan Chase & Co cut their target price on BP plc from GBX 530 ($6.97) to GBX 500 ($6.58) and set an “overweight” rating on the stock in a research note on Thursday, July 13th. Finally, Morgan Stanley reissued an “overweight” rating and issued a GBX 510 ($6.71) target price on shares of BP plc in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 539.50 ($7.10).

BP plc (BP) traded down GBX 7.70 ($0.10) during midday trading on Thursday, hitting GBX 506.90 ($6.67). The stock had a trading volume of 24,431,441 shares, compared to its average volume of 26,800,000. BP plc has a 52-week low of GBX 432.15 ($5.68) and a 52-week high of GBX 529 ($6.96).

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In other news, insider Brian Gilvary bought 63 shares of the stock in a transaction on Tuesday, October 10th. The shares were bought at an average price of GBX 486 ($6.39) per share, with a total value of £306.18 ($402.71).

BP plc Company Profile

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.

Analyst Recommendations for BP plc (LON:BP)

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