BP (LON:BP) received a GBX 640 ($9.05) target price from analysts at Goldman Sachs in a note issued to investors on Thursday. The firm presently has a “neutral” rating on the oil and gas exploration company’s stock. Goldman Sachs’ price target points to a potential upside of 26.91% from the company’s previous close.
Several other equities research analysts have also recently commented on the company. JPMorgan Chase restated an “overweight” rating and issued a GBX 550 ($7.77) target price on shares of BP in a research note on Friday, December 15th. Royal Bank of Canada upgraded BP from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from GBX 550 ($7.77) to GBX 570 ($8.06) in a research note on Monday, February 26th. Barclays reiterated an “overweight” rating and set a GBX 675 ($9.54) price objective on shares of BP in a research note on Wednesday, January 10th. BNP Paribas reiterated an “outperform” rating and set a GBX 570 ($8.06) price objective on shares of BP in a research note on Monday, February 12th. Finally, Deutsche Bank set a GBX 565 ($7.99) price objective on BP and gave the stock a “buy” rating in a research note on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 553.16 ($7.82).
LON BP opened at GBX 504.30 ($7.13) on Thursday. BP has a 52 week low of GBX 436.95 ($6.18) and a 52 week high of GBX 536.20 ($7.58).
In other BP news, insider Brian Gilvary bought 65 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The shares were acquired at an average cost of GBX 494 ($6.98) per share, with a total value of £321.10 ($453.85). Insiders have purchased a total of 195 shares of company stock worth $93,730 over the last three months.
ILLEGAL ACTIVITY NOTICE: “BP (BP) Given a GBX 640 Price Target by Goldman Sachs Analysts” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/04/14/bp-bp-given-a-gbx-640-price-target-by-goldman-sachs-analysts.html.
BP Company Profile
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.