BP (BP) Rating Reiterated by J P Morgan Chase & Co
BP (LON:BP)‘s stock had its “overweight” rating reissued by equities research analysts at J P Morgan Chase & Co in a research note issued on Friday. They presently have a GBX 550 ($7.40) price objective on the oil and gas exploration company’s stock. J P Morgan Chase & Co’s price target suggests a potential upside of 8.87% from the stock’s previous close.
A number of other brokerages have also weighed in on BP. Morgan Stanley increased their price target on BP from GBX 560 ($7.54) to GBX 595 ($8.01) and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 575 ($7.74) target price on shares of BP in a research report on Thursday, November 9th. reaffirmed a “buy” rating and issued a GBX 600 ($8.08) target price on shares of BP in a research report on Tuesday, November 7th. Goldman Sachs Group set a GBX 520 ($7.00) target price on BP and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. Finally, Barclays reaffirmed an “overweight” rating and issued a GBX 675 ($9.08) target price on shares of BP in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 536.25 ($7.22).
BP (LON:BP) opened at GBX 505.20 ($6.80) on Friday. BP has a 52 week low of GBX 436.95 ($5.88) and a 52 week high of GBX 529 ($7.12).
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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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