BP (BP) Receives “Buy” Rating from Beaufort Securities

Beaufort Securities restated their buy rating on shares of BP (LON:BP) in a research report sent to investors on Tuesday. They currently have a GBX 560 ($7.85) target price on the oil and gas exploration company’s stock.

Several other research analysts have also recently commented on the company. Royal Bank of Canada set a GBX 550 ($7.71) target price on BP and gave the stock a neutral rating in a research note on Tuesday. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 560 ($7.85) target price on shares of BP in a research note on Tuesday. Goldman Sachs Group reissued a neutral rating and set a GBX 545 ($7.64) target price on shares of BP in a research note on Wednesday, January 31st. Deutsche Bank reissued a buy rating and set a GBX 565 ($7.92) target price on shares of BP in a research note on Monday, January 29th. Finally, Kepler Capital Markets boosted their target price on BP from GBX 505 ($7.08) to GBX 535 ($7.50) and gave the stock a hold rating in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 546.58 ($7.66).

BP (LON:BP) opened at GBX 470.05 ($6.59) on Tuesday. BP has a one year low of GBX 436.95 ($6.13) and a one year high of GBX 536.20 ($7.52). The company has a market capitalization of $93,480.00 and a price-to-earnings ratio of 3,917.08.

In other news, insider Brian Gilvary bought 60 shares of BP stock in a transaction dated Wednesday, January 10th. The stock was acquired at an average cost of GBX 528 ($7.40) per share, with a total value of £316.80 ($444.20).

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About BP

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)

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