Credit Suisse Group Analysts Give BP (BP) a GBX 675 Price Target
Credit Suisse Group set a GBX 675 ($8.82) target price on BP (LON:BP) in a report released on Wednesday morning. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.
Several other research firms have also recently issued reports on BP. UBS Group reiterated a buy rating on shares of BP in a research report on Tuesday, November 27th. Goldman Sachs Group set a GBX 750 ($9.80) target price on BP and gave the stock a buy rating in a research report on Tuesday. Barclays reiterated an overweight rating and set a GBX 705 ($9.21) target price on shares of BP in a research report on Monday, October 8th. Raymond James upgraded BP to an outperform rating in a research report on Tuesday, November 20th. Finally, JPMorgan Chase & Co. cut their target price on BP from GBX 650 ($8.49) to GBX 575 ($7.51) and set an overweight rating for the company in a research report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of GBX 645.75 ($8.44).
LON BP opened at GBX 512 ($6.69) on Wednesday. BP has a 52 week low of GBX 436.95 ($5.71) and a 52 week high of GBX 536.20 ($7.01).
In other BP news, insider Brian Gilvary purchased 53 shares of the firm’s stock in a transaction that occurred on Wednesday, October 10th. The stock was purchased at an average cost of GBX 579 ($7.57) per share, with a total value of £306.87 ($400.98). Insiders have purchased a total of 171 shares of company stock valued at $93,273 over the last three months.
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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