BP plc (LON:BP)‘s stock had its “overweight” rating reaffirmed by stock analysts at Barclays PLC in a research note issued on Wednesday, November 1st. They presently have a GBX 675 ($8.88) price target on the oil and gas exploration company’s stock. Barclays PLC’s target price would indicate a potential upside of 33.16% from the company’s previous close.
Several other analysts have also commented on BP. UBS AG set a GBX 525 ($6.91) target price on shares of BP plc and gave the company a “buy” rating in a research note on Tuesday, July 4th. J P Morgan Chase & Co set a GBX 500 ($6.58) price target on shares of BP plc and gave the company a “buy” rating in a research report on Wednesday, August 9th. Credit Suisse Group set a GBX 530 ($6.97) price target on shares of BP plc and gave the company a “buy” rating in a research report on Thursday, August 3rd. Morgan Stanley reiterated an “overweight” rating and issued a GBX 510 ($6.71) price objective on shares of BP plc in a research note on Monday, July 17th. Finally, Societe Generale dropped their price objective on shares of BP plc from GBX 550 ($7.23) to GBX 470 ($6.18) and set a “hold” rating on the stock in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of GBX 539.50 ($7.10).
BP plc (LON BP) opened at GBX 506.90 ($6.67) on Wednesday. BP plc has a 1-year low of GBX 432.15 ($5.68) and a 1-year high of GBX 529 ($6.96).
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In related news, insider Brian Gilvary acquired 63 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were purchased at an average cost of GBX 486 ($6.39) per share, for a total transaction of £306.18 ($402.71).
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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