Barclays PLC Reaffirms “Top pick” Rating for BP plc (BP)
BP plc (LON:BP)‘s stock had its “top pick” rating reaffirmed by investment analysts at Barclays PLC in a research report issued to clients and investors on Monday. They currently have a GBX 675 ($9.08) target price on the oil and gas exploration company’s stock. Barclays PLC’s price target suggests a potential upside of 41.42% from the company’s previous close.
BP has been the topic of a number of other research reports. UBS AG set a GBX 525 ($7.06) price target on BP plc and gave the stock a “buy” rating in a report on Tuesday, September 26th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 520 ($6.99) price objective on shares of BP plc in a report on Tuesday, September 26th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 500 ($6.72) price objective on shares of BP plc in a report on Wednesday, September 27th. Morgan Stanley reiterated an “overweight” rating on shares of BP plc in a research report on Monday, June 12th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a GBX 480 ($6.46) target price on shares of BP plc in a research report on Thursday, June 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 507.64 ($6.83).
BP plc (BP) opened at 477.30 on Monday. The stock’s market cap is GBX 93.96 billion. The stock has a 50 day moving average price of GBX 449.85 and a 200 day moving average price of GBX 455.83. BP plc has a 52-week low of GBX 432.15 and a 52-week high of GBX 521.20.
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In other news, insider Brian Gilvary acquired 68 shares of BP plc stock in a transaction dated Thursday, August 10th. The shares were acquired at an average cost of GBX 469 ($6.31) per share, with a total value of £318.92 ($428.89). Over the last 90 days, insiders bought 208 shares of company stock worth $94,192.
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.
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