BP plc (BP) Earns “Overweight” Rating from Barclays PLC

Barclays PLC restated their overweight rating on shares of BP plc (LON:BP) in a report released on Thursday. They currently have a GBX 625 ($7.72) price target on the oil and gas exploration company’s stock.

BP has been the topic of several other reports. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 530 ($6.55) target price on shares of BP plc in a report on Friday, March 10th. Citigroup Inc reissued a buy rating and issued a GBX 510 ($6.30) target price on shares of BP plc in a report on Tuesday, February 21st. Raymond James Financial, Inc. reissued a market perform rating on shares of BP plc in a report on Monday, January 30th. Kepler Capital Markets set a GBX 510 ($6.30) target price on BP plc and gave the stock a neutral rating in a report on Thursday, March 2nd. Finally, Macquarie dropped their target price on BP plc from GBX 460 ($5.68) to GBX 440 ($5.43) and set a neutral rating on the stock in a report on Friday, February 3rd. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. BP plc has a consensus rating of Buy and an average price target of GBX 511.33 ($6.32).

Analyst Recommendations for BP plc (LON:BP)

Shares of BP plc (LON:BP) opened at 463.15 on Thursday. The stock’s market capitalization is GBX 90.03 billion. The firm’s 50-day moving average price is GBX 460.08 and its 200 day moving average price is GBX 468.29. BP plc has a 1-year low of GBX 249.43 and a 1-year high of GBX 521.20.

Your IP Address:

In related news, insider Nils Smedegaard Andersen purchased 22,145 shares of the business’s stock in a transaction dated Thursday, January 5th. The shares were acquired at an average cost of GBX 514 ($6.35) per share, for a total transaction of £113,825.30 ($140,577.13). Also, insider Brian Gilvary purchased 70 shares of the business’s stock in a transaction dated Friday, February 10th. The stock was bought at an average price of GBX 459 ($5.67) per share, for a total transaction of £321.30 ($396.81). Insiders bought a total of 52,275 shares of company stock worth $24,825,500 over the last quarter.

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.

Receive News & Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply