Barclays PLC Reiterates Overweight Rating for BP plc (BP)

BP plc (LON:BP)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays PLC in a research report issued to clients and investors on Wednesday. They presently have a GBX 675 ($8.91) price objective on the oil and gas exploration company’s stock.

BP has been the topic of a number of other reports. UBS AG set a GBX 525 ($6.93) target price on shares of BP plc and gave the company a “buy” rating in a research report on Tuesday, July 4th. Macquarie restated an “underperform” rating and set a GBX 400 ($5.28) target price on shares of BP plc in a research report on Thursday, October 26th. Royal Bank Of Canada set a GBX 550 ($7.26) target price on shares of BP plc and gave the company a “neutral” rating in a research report on Tuesday. Deutsche Bank AG restated a “buy” rating and set a GBX 520 ($6.86) target price on shares of BP plc in a research report on Wednesday, October 25th. Finally, J P Morgan Chase & Co set a GBX 500 ($6.60) target price on shares of BP plc and gave the company a “buy” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 535.25 ($7.06).

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In other BP plc news, insider Brian Gilvary purchased 68 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost of GBX 469 ($6.19) per share, with a total value of £318.92 ($420.85). Insiders have bought 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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