BP (BP) Receives “Overweight” Rating from Barclays
Barclays reaffirmed their overweight rating on shares of BP (LON:BP) in a research note issued to investors on Monday. The brokerage currently has a GBX 675 ($9.08) price objective on the oil and gas exploration company’s stock.
BP has been the subject of a number of other research reports. Credit Suisse Group reissued an outperform rating and set a GBX 530 ($7.13) price objective on shares of BP in a research note on Friday, September 1st. Jefferies Group set a GBX 470 ($6.33) target price on BP and gave the company a neutral rating in a report on Tuesday, August 29th. Royal Bank of Canada restated a sector performer rating and set a GBX 500 ($6.73) target price on shares of BP in a report on Monday, October 23rd. UBS set a GBX 525 ($7.07) target price on BP and gave the company a buy rating in a report on Wednesday, September 6th. Finally, Deutsche Bank upped their target price on 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. Two research 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. The stock currently has a consensus rating of Hold and a consensus price target of GBX 536.25 ($7.22).
Shares of BP (LON BP) opened at GBX 509.40 ($6.86) on Monday. BP has a 52 week low of GBX 436.95 ($5.88) and a 52 week high of GBX 529 ($7.12).
In related news, insider Brian Gilvary bought 63 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average cost of GBX 493 ($6.64) per share, with a total value of £310.59 ($418.02). Over the last three months, insiders bought 189 shares of company stock worth $94,122.
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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