BP’s (BP) “Overweight” Rating Reiterated at Barclays
Several other equities research analysts have also commented on BP. JPMorgan Chase & Co. set a GBX 650 ($8.49) price target on shares of BP and gave the stock a buy rating in a research note on Monday, July 9th. Goldman Sachs Group set a GBX 730 ($9.54) price target on shares of BP and gave the stock a buy rating in a research note on Tuesday. UBS Group set a GBX 610 ($7.97) price target on shares of BP and gave the stock a buy rating in a research note on Friday, July 20th. Credit Suisse Group set a GBX 640 ($8.36) price target on shares of BP and gave the stock a buy rating in a research note on Monday, July 30th. Finally, HSBC reiterated a buy rating on shares of BP in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. BP has a consensus rating of Buy and a consensus price target of GBX 632.73 ($8.27).
Shares of LON:BP opened at GBX 545.90 ($7.13) on Tuesday. BP has a 12 month low of GBX 436.95 ($5.71) and a 12 month high of GBX 536.20 ($7.01).
In other BP news, insider Brian Gilvary acquired 58 shares of the company’s stock in a transaction on Monday, September 10th. The shares were bought at an average cost of GBX 537 ($7.02) per share, for a total transaction of £311.46 ($406.98). Over the last 90 days, insiders acquired 169 shares of company stock worth $94,545.
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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