BP’s (BP) Overweight Rating Reaffirmed at Barclays

BP (LON:BP)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays in a report issued on Wednesday. They currently have a GBX 675 ($9.15) target price on the oil and gas exploration company’s stock. Barclays’ price target points to a potential upside of 26.22% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Goldman Sachs Group increased their price target on BP from GBX 480 ($6.51) to GBX 500 ($6.78) and gave the stock a “neutral” rating in a report on Friday, September 22nd. Citigroup restated a “neutral” rating and set a GBX 480 ($6.51) price target on shares of BP in a report on Wednesday, November 1st. JPMorgan Chase & Co. increased their price target on BP from GBX 540 ($7.32) to GBX 550 ($7.46) and gave the stock an “overweight” rating in a report on Friday, December 8th. Deutsche Bank restated a “buy” rating and set a GBX 520 ($7.05) price target on shares of BP in a report on Tuesday, September 26th. Finally, Kepler Capital Markets increased their price target on BP from GBX 485 ($6.58) to GBX 505 ($6.85) and gave the stock a “hold” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 538.50 ($7.30).

BP (BP) traded up GBX 1.80 ($0.02) during trading on Wednesday, hitting GBX 534.80 ($7.25). The company’s stock had a trading volume of 33,811,835 shares, compared to its average volume of 23,810,000. The company has a market cap of $105,960.00 and a PE ratio of 3,820.00. BP has a 52-week low of GBX 436.95 ($5.93) and a 52-week high of GBX 536.20 ($7.27).

In other BP news, insider Brian Gilvary bought 63 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of GBX 515 ($6.98) per share, with a total value of £324.45 ($439.99). Over the last ninety days, insiders have bought 186 shares of company stock valued at $95,184.

COPYRIGHT VIOLATION NOTICE: “BP’s (BP) Overweight Rating Reaffirmed at Barclays” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.com-unik.info/2018/01/13/bps-bp-overweight-rating-reaffirmed-at-barclays.html.

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.

Analyst Recommendations for BP (LON:BP)

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit