BP plc (LON:BP) received a GBX 560 ($6.81) price target from analysts at J P Morgan Chase & Co in a report released on Friday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 9.08% from the stock’s current price.

Several other analysts have also commented on the stock. Deutsche Bank AG set a GBX 505 ($6.14) price target on shares of BP plc and gave the company a “neutral” rating in a research report on Friday. Barclays PLC restated an “overweight” rating and set a GBX 625 ($7.60) price target on shares of BP plc in a research report on Wednesday. Kepler Capital Markets set a GBX 520 ($6.32) price target on shares of BP plc and gave the company a “neutral” rating in a research report on Tuesday. HSBC raised their price target on shares of BP plc from GBX 540 ($6.57) to GBX 590 ($7.17) and gave the company a “buy” rating in a research report on Tuesday. Finally, Goldman Sachs Group, Inc. (The) raised their price target on shares of BP plc from GBX 505 ($6.14) to GBX 515 ($6.26) and gave the company a “neutral” rating in a research report on Friday, January 6th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 491.22 ($5.97).

Analyst Recommendations for BP plc (LON:BP)

BP plc (LON:BP) traded up 0.50% during mid-day trading on Friday, hitting GBX 518.00. 28,300,981 shares of the stock were exchanged. BP plc has a 52-week low of GBX 249.44 and a 52-week high of GBX 521.20. The stock’s market cap is GBX 97.97 billion. The stock’s 50 day moving average is GBX 482.27 and its 200 day moving average is GBX 453.24.

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In other news, insider Brian Gilvary purchased 68 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was bought at an average price of GBX 458 ($5.57) per share, for a total transaction of £311.44 ($378.74). Also, insider Nils Smedegaard Andersen purchased 22,145 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The stock was purchased at an average price of GBX 514 ($6.25) per share, with a total value of £113,825.30 ($138,423.08).

About BP plc

BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.

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