Goldman Sachs Group Analysts Give BP (BP) a GBX 750 Price Target
Several other equities analysts have also commented on BP. Barclays reissued an overweight rating on shares of BP in a report on Tuesday, October 30th. JPMorgan Chase & Co. set a GBX 650 ($8.49) target price on shares of BP and gave the company a buy rating in a report on Tuesday, August 7th. BNP Paribas reissued an outperform rating and issued a GBX 700 ($9.15) target price on shares of BP in a report on Thursday, October 4th. UBS Group set a GBX 610 ($7.97) target price on shares of BP and gave the company a buy rating in a report on Thursday, November 1st. Finally, Sanford C. Bernstein set a GBX 710 ($9.28) target price on shares of BP and gave the company a buy rating in a report on Monday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of GBX 645.75 ($8.44).
LON:BP opened at GBX 506.20 ($6.61) on Tuesday. 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 news, insider Brian Gilvary purchased 58 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were purchased at an average price of GBX 537 ($7.02) per share, for a total transaction of £311.46 ($406.98). Insiders bought a total of 171 shares of company stock worth $93,273 in the last 90 days.
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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