BP plc (BP) PT Raised to GBX 505

BP plc (LON:BP) had its price objective boosted by research analysts at Kepler Capital Markets from GBX 485 ($6.40) to GBX 505 ($6.66) in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the oil and gas exploration company’s stock. Kepler Capital Markets’ target price would suggest a potential downside of 1.02% from the stock’s current price.

Several other analysts also recently commented on BP. UBS AG set a GBX 525 ($6.93) target price on shares of BP plc and gave the stock a “buy” rating in a report on Tuesday, July 4th. Deutsche Bank AG reduced their target price on shares of BP plc from GBX 515 ($6.80) to GBX 505 ($6.66) and set a “buy” rating for the company in a report on Wednesday, July 5th. J P Morgan Chase & Co set a GBX 530 ($6.99) target price on shares of BP plc and gave the stock a “buy” rating in a report on Wednesday, July 5th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 675 ($8.91) target price on shares of BP plc in a report on Thursday, July 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 480 ($6.33) target price on shares of BP plc in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 527.95 ($6.97).

Shares of BP plc (LON BP) opened at 515.00 on Wednesday. The firm’s 50-day moving average is GBX 479.85 and its 200-day moving average is GBX 460.86. BP plc has a 12-month low of GBX 4.80 and a 12-month high of GBX 522.22. The company’s market capitalization is GBX 101.39 billion.

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In related news, insider Brian Gilvary acquired 70 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average cost of GBX 446 ($5.89) per share, for a total transaction of £312.20 ($411.98). Over the last quarter, insiders have purchased 201 shares of company stock valued at $93,730.

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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