BP (LON:BP) has been given a GBX 545 ($7.34) price objective by analysts at Goldman Sachs Group in a research note issued to investors on Thursday. The firm presently has a “neutral” rating on the oil and gas exploration company’s stock. Goldman Sachs Group’s price target indicates a potential upside of 7.88% from the company’s current price.

Several other brokerages have also issued reports on BP. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 530 ($7.13) price target on shares of BP in a report on Friday, September 1st. Deutsche Bank lifted their price target on shares of BP from GBX 505 ($6.80) to GBX 520 ($7.00) and gave the company a “buy” rating in a report on Monday, September 4th. Barclays reaffirmed an “overweight” rating and set a GBX 675 ($9.08) price target on shares of BP in a report on Monday, September 25th. Jefferies Group set a GBX 470 ($6.33) price target on shares of BP and gave the company a “neutral” rating in a report on Tuesday, August 29th. Finally, UBS set a GBX 525 ($7.07) price target on shares of BP and gave the company a “buy” rating in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 536.25 ($7.22).

BP (BP) opened at GBX 505.20 ($6.80) on Thursday. BP has a 1 year low of GBX 436.95 ($5.88) and a 1 year high of GBX 529 ($7.12).

In other news, insider Brian Gilvary purchased 63 shares of the stock in a transaction dated Friday, November 10th. The shares were purchased at an average cost of GBX 515 ($6.93) per share, with a total value of £324.45 ($436.68). Over the last ninety days, insiders have acquired 189 shares of company stock worth $94,122.

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About BP

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.

Analyst Recommendations for BP (LON:BP)

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