BP plc (LON:BP) Receives “Neutral” Rating from Goldman Sachs Group, Inc. (The)

BP plc (LON:BP)‘s stock had its “neutral” rating restated by stock analysts at Goldman Sachs Group, Inc. (The) in a report issued on Wednesday, August 2nd. They currently have a GBX 480 ($6.25) price objective on the oil and gas exploration company’s stock. Goldman Sachs Group, Inc. (The)’s price objective points to a potential upside of 7.20% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. UBS AG set a GBX 525 ($6.84) price target on BP plc and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Barclays PLC reaffirmed an “overweight” rating on shares of BP plc in a research report on Monday, July 31st. Societe Generale reduced their price target on BP plc from GBX 550 ($7.16) to GBX 470 ($6.12) and set a “hold” rating for the company in a research report on Thursday, July 27th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of BP plc in a research report on Tuesday, July 25th. Finally, Canaccord Genuity reduced their price target on BP plc from GBX 525 ($6.84) to GBX 510 ($6.64) and set a “buy” rating for the company in a research report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 506.50 ($6.60).

BP plc (BP) opened at 447.75 on Wednesday. The company’s 50 day moving average is GBX 451.14 and its 200 day moving average is GBX 459.16. The stock’s market cap is GBX 88.38 billion. BP plc has a 52 week low of GBX 411.60 and a 52 week high of GBX 521.20.

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In related news, insider Brian Gilvary acquired 70 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were bought at an average cost of GBX 444 ($5.78) per share, with a total value of £310.80 ($404.74).

About BP plc

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

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