BP (BP) PT Set at GBX 400 by Bank of America

BP (LON:BP) received a GBX 400 ($5.38) target price from research analysts at Bank of America in a report released on Tuesday. The firm currently has a “sell” rating on the oil and gas exploration company’s stock. Bank of America’s price objective would indicate a potential downside of 18.85% from the stock’s previous close.

Several other analysts have also commented on the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 530 ($7.13) price target on shares of BP in a research note on Friday, September 1st. Deutsche Bank boosted their price target on BP from GBX 505 ($6.80) to GBX 520 ($7.00) and gave the company a “buy” rating in a research note on Monday, September 4th. Barclays reaffirmed an “overweight” rating and issued a GBX 675 ($9.08) price target on shares of BP in a research note on Monday, September 25th. Jefferies Group set a GBX 470 ($6.33) price target on BP and gave the company a “neutral” rating in a research note on Tuesday, August 29th. Finally, UBS set a GBX 525 ($7.07) price target on BP and gave the company a “buy” rating in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 533.25 ($7.18).

Shares of BP (BP) opened at GBX 492.90 ($6.63) on Tuesday. BP has a 1 year low of GBX 436.95 ($5.88) and a 1 year high of GBX 529 ($7.12).

In other news, insider Brian Gilvary purchased 70 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of GBX 446 ($6.00) per share, with a total value of £312.20 ($420.19). Insiders have bought 196 shares of company stock worth $94,283 in the last ninety days.

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BP 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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