BP plc (LON:BP)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group LLC in a note issued to investors on Wednesday. They currently have a GBX 500 ($6.60) target price on the oil and gas exploration company’s stock.
A number of other equities analysts also recently commented on the stock. Kepler Capital Markets boosted their target price on shares of BP plc from GBX 485 ($6.40) to GBX 505 ($6.66) and gave the stock a “hold” rating in a report on Wednesday. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 540 ($7.13) target price on shares of BP plc in a report on Wednesday. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 480 ($6.33) target price on shares of BP plc in a report on Wednesday. Goldman Sachs Group, Inc. (The) set a GBX 520 ($6.86) target price on shares of BP plc and gave the stock a “neutral” rating in a report on Wednesday. Finally, Beaufort Securities reiterated a “buy” rating and issued a GBX 560 ($7.39) target price on shares of BP plc in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 535.25 ($7.06).
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In related news, insider Brian Gilvary acquired 70 shares of the stock in a transaction on Monday, September 11th. The shares were acquired at an average price of GBX 446 ($5.89) per share, for a total transaction of £312.20 ($411.98). In the last 90 days, insiders acquired 201 shares of company stock worth $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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