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).
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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