BP plc (LON:BP) has been assigned a GBX 525 ($6.78) price target by investment analysts at UBS AG in a research note issued on Friday. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. UBS AG’s price target would suggest a potential upside of 16.23% from the company’s current price.
A number of other equities research analysts also recently commented on the company. Kepler Capital Markets reiterated a “reduce” rating and issued a GBX 430 ($5.55) target price on shares of BP plc in a research report on Friday. Deutsche Bank AG boosted their target price on BP plc from GBX 505 ($6.52) to GBX 520 ($6.72) and gave the stock a “buy” rating in a research report on Monday, September 4th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 530 ($6.84) target price on shares of BP plc in a research report on Friday, September 1st. J P Morgan Chase & Co set a GBX 500 ($6.46) target price on BP plc and gave the stock a “buy” rating in a research report on Thursday, August 31st. Finally, Jefferies Group LLC set a GBX 470 ($6.07) target price on BP plc and gave the stock a “neutral” rating in a research report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. BP plc currently has an average rating of “Hold” and an average price target of GBX 506.73 ($6.54).
BP plc (LON:BP) opened at 446.40 on Friday. The stock’s 50 day moving average price is GBX 449.27 and its 200 day moving average price is GBX 455.99. The company’s market capitalization is GBX 87.88 billion. BP plc has a 12 month low of GBX 411.60 and a 12 month high of GBX 521.20.
COPYRIGHT VIOLATION NOTICE: This piece was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & international copyright law. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2017/09/15/ubs-ag-analysts-give-bp-plc-bp-a-gbx-525-price-target.html.
In other news, insider Brian Gilvary acquired 68 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of GBX 469 ($6.06) per share, with a total value of £318.92 ($411.88). In the last three months, insiders purchased 208 shares of company stock worth $94,192.
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.
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.