BP (BP) Given a GBX 640 Price Target by Goldman Sachs Analysts

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).

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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.

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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).

Analyst Recommendations for BP (LON:BP)

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