BP (BP) PT Set at GBX 550 by UBS Group
BP (LON:BP) has been given a GBX 550 ($7.60) target price by investment analysts at UBS Group in a research note issued on Monday, www.boersen-zeitung.de reports. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. UBS Group’s price target would suggest a potential upside of 18.24% from the stock’s current price.
A number of other research firms have also issued reports on BP. Goldman Sachs Group set a GBX 610 ($8.43) target price on BP and gave the company a “neutral” rating in a report on Tuesday, February 6th. Macquarie set a GBX 425 ($5.87) target price on BP and gave the company a “sell” rating in a report on Thursday, December 14th. Beaufort Securities reaffirmed a “buy” rating and issued a GBX 560 ($7.74) target price on shares of BP in a report on Tuesday, February 6th. Citigroup reaffirmed a “neutral” rating and issued a GBX 510 ($7.05) target price on shares of BP in a report on Wednesday, February 7th. Finally, Morgan Stanley lowered BP to an “equal weight” rating and lowered their target price for the company from GBX 645 ($8.91) to GBX 550 ($7.60) in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 551.84 ($7.62).
Shares of BP (LON BP) opened at GBX 465.15 ($6.43) on Monday. The stock has a market capitalization of $92,460.00 and a P/E ratio of 2,907.19. BP has a fifty-two week low of GBX 436.95 ($6.04) and a fifty-two week high of GBX 536.20 ($7.41).
BP Company Profile
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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