BP (LON:BP) has been assigned a GBX 550 ($7.35) target price by equities research analysts at UBS Group in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. UBS Group’s price objective indicates a potential upside of 6.03% from the stock’s current price.
BP has been the subject of a number of other reports. Barclays reissued an “overweight” rating and set a GBX 675 ($9.03) price objective on shares of BP in a report on Monday, November 13th. Jefferies Group restated a “hold” rating and issued a GBX 500 ($6.69) target price on shares of BP in a research note on Wednesday, November 1st. Credit Suisse Group restated an “outperform” rating and issued a GBX 530 ($7.09) target price on shares of BP in a research note on Friday, September 1st. raised their target price on BP from GBX 565 ($7.55) to GBX 600 ($8.02) and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada set a GBX 550 ($7.35) target price on BP and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 537.25 ($7.18).
BP (BP) opened at GBX 518.70 ($6.94) on Tuesday. The company has a market capitalization of $102,520.00 and a price-to-earnings ratio of 3,458.00. BP has a 12-month low of GBX 436.95 ($5.84) and a 12-month high of GBX 529 ($7.07).
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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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