BP plc (BP) Given Average Rating of “Buy” by Analysts
Shares of BP plc (LON:BP) have received an average recommendation of “Buy” from the twenty-one ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is GBX 640 ($8.36).
BP has been the topic of a number of research reports. Barclays restated an “overweight” rating on shares of BP in a research note on Tuesday, October 30th. BNP Paribas restated an “outperform” rating and issued a GBX 700 ($9.15) price objective on shares of BP in a research note on Thursday, October 4th. UBS Group set a GBX 610 ($7.97) price objective on BP and gave the company a “buy” rating in a research note on Thursday, November 1st. JPMorgan Chase & Co. lowered their price objective on BP from GBX 650 ($8.49) to GBX 575 ($7.51) and set an “overweight” rating on the stock in a research note on Thursday, November 29th. Finally, Berenberg Bank set a GBX 665 ($8.69) price objective on BP and gave the company a “buy” rating in a research note on Wednesday.
Shares of LON:BP opened at GBX 505.20 ($6.60) on Thursday. BP has a fifty-two week low of GBX 436.95 ($5.71) and a fifty-two week high of GBX 536.20 ($7.01).
In other news, insider Brian Gilvary bought 58 shares of the business’s stock in a transaction on Monday, September 10th. The stock was acquired at an average price of GBX 537 ($7.02) per share, with a total value of £311.46 ($406.98). In the last ninety days, insiders acquired 171 shares of company stock valued at $93,273.
BP Company Profile
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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