BP plc (BP) Earns Sector Performer Rating from Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their sector performer rating on shares of BP plc (LON:BP) in a research note published on Monday. The firm currently has a GBX 500 ($6.60) price objective on the oil and gas exploration company’s stock.

A number of other research firms also recently commented on BP. Deutsche Bank AG reiterated a buy rating and issued a GBX 520 ($6.86) price objective on shares of BP plc in a report on Wednesday, October 25th. Barclays PLC reiterated an overweight rating and issued a GBX 675 ($8.91) price objective on shares of BP plc in a report on Tuesday, October 17th. HSBC Holdings plc set a GBX 565 ($7.46) price objective on BP plc and gave the company a buy rating in a report on Friday, October 13th. Canaccord Genuity increased their price objective on BP plc from GBX 510 ($6.73) to GBX 530 ($6.99) and gave the company a buy rating in a report on Wednesday, October 11th. Finally, J P Morgan Chase & Co increased their price objective on BP plc from GBX 500 ($6.60) to GBX 540 ($7.13) and gave the company an overweight rating in a report on Thursday, October 19th. One 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. The company has an average rating of Hold and a consensus target price of GBX 531.59 ($7.01).

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In related news, insider Brian Gilvary acquired 70 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was bought at an average cost of GBX 446 ($5.89) per share, with a total value of £312.20 ($411.98). Insiders have acquired a total of 201 shares of company stock valued at $93,730 over the last ninety days.

BP plc Company Profile

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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