Shares of BP plc (LON:BP) were up 0% during trading on Monday . The stock traded as high as GBX 478.75 ($6.61) and last traded at GBX 474.05 ($6.55). Approximately 20,643,471 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 31,950,000 shares. The stock had previously closed at GBX 474.05 ($6.55).
Several analysts have recently issued reports on BP shares. Deutsche Bank reissued a “buy” rating and set a GBX 520 ($7.18) price objective on shares of BP in a research note on Wednesday, October 25th. Barclays reissued an “overweight” rating and set a GBX 675 ($9.33) price objective on shares of BP in a research note on Thursday, October 26th. Macquarie reissued an “underperform” rating and set a GBX 400 ($5.53) price objective on shares of BP in a research note on Thursday, October 26th. Royal Bank of Canada reissued a “sector performer” rating and set a GBX 500 ($6.91) price objective on shares of BP in a research note on Monday, October 30th. Finally, S&P Global set a GBX 540 ($7.46) price objective on shares of BP and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 550.79 ($7.61).
The stock has a market capitalization of $94,730.00 and a PE ratio of 3,166.67.
In other BP news, insider Brian Gilvary purchased 60 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was purchased at an average cost of GBX 528 ($7.29) per share, with a total value of £316.80 ($437.69). Over the last ninety days, insiders have purchased 188 shares of company stock valued at $93,289.
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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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