BP (LON:BP) had its price target upped by JPMorgan Chase & Co. from GBX 625 ($8.17) to GBX 650 ($8.49) in a research report report published on Wednesday. They currently have an overweight rating on the oil and gas exploration company’s stock.
A number of other analysts also recently issued reports on BP. Goldman Sachs Group set a GBX 700 ($9.15) price target on shares of BP and gave the company a buy rating in a report on Wednesday, June 20th. Citigroup reiterated a buy rating and issued a GBX 650 ($8.49) price target on shares of BP in a report on Thursday, June 21st. Societe Generale reiterated a buy rating on shares of BP in a report on Thursday, June 28th. Kepler Capital Markets upgraded shares of BP to a buy rating and lifted their price target for the company from GBX 530 ($6.93) to GBX 650 ($8.49) in a report on Thursday, June 28th. Finally, Royal Bank of Canada set a GBX 675 ($8.82) price target on shares of BP and gave the company a buy rating in a report on Monday, July 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of GBX 631.90 ($8.26).
Shares of BP traded down GBX 3.80 ($0.05) during trading hours on Wednesday, reaching GBX 554.50 ($7.25). 20,733,107 shares of the stock traded hands, compared to its average volume of 35,510,000. BP has a 52-week low of GBX 436.95 ($5.71) and a 52-week high of GBX 536.20 ($7.01).
In related news, insider Brian Gilvary acquired 58 shares of the stock in a transaction on Monday, September 10th. The stock was bought at an average cost of GBX 537 ($7.02) per share, with a total value of £311.46 ($406.98). Over the last three months, insiders acquired 169 shares of company stock valued at $94,545.
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.