Kepler Capital Markets set a GBX 520 ($6.32) target price on BP plc (LON:BP) in a research note issued to investors on Tuesday morning. The brokerage currently has a neutral rating on the oil and gas exploration company’s stock.
Other equities research analysts also recently issued research reports about the company. Barclays PLC reissued an overweight rating and issued a GBX 600 ($7.30) target price on shares of BP plc in a report on Tuesday, September 20th. Goldman Sachs Group, Inc. (The) set a GBX 418 ($5.08) target price on BP plc and gave the company a neutral rating in a report on Wednesday, October 5th. Bank of America Corporation raised BP plc to a neutral rating and raised their target price for the company from GBX 470 ($5.72) to GBX 510 ($6.20) in a report on Wednesday, November 2nd. Morgan Stanley reissued an overweight rating and issued a GBX 535 ($6.51) target price on shares of BP plc in a report on Monday, October 17th. Finally, Credit Suisse Group raised BP plc to an outperform rating and raised their target price for the company from GBX 480 ($5.84) to GBX 500 ($6.08) in a report on Thursday, December 1st. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 486.38 ($5.91).
BP plc (LON:BP) traded up 0.31% during trading on Tuesday, hitting GBX 513.30. 19,913,918 shares of the stock traded hands. The stock’s market cap is GBX 97.08 billion. BP plc has a 12 month low of GBX 249.44 and a 12 month high of GBX 520.16. The firm’s 50-day moving average is GBX 482.27 and its 200-day moving average is GBX 453.24.
In other BP plc news, insider Nils Smedegaard Andersen purchased 22,145 shares of the company’s stock in a transaction that occurred on Thursday, January 5th. The shares were purchased at an average cost of GBX 514 ($6.25) per share, with a total value of £113,825.30 ($138,423.08). Also, insider Brian Gilvary purchased 68 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The shares were acquired at an average cost of GBX 458 ($5.57) per share, for a total transaction of £311.44 ($378.74).
BP plc Company Profile
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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