BP plc (BP) Earns “Overweight” Rating from Barclays PLC
Barclays PLC reissued their overweight rating on shares of BP plc (LON:BP) in a research note released on Thursday morning. Barclays PLC currently has a GBX 625 ($7.72) price objective on the oil and gas exploration company’s stock.
Several other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 530 ($6.55) price objective on shares of BP plc in a research report on Thursday, March 16th. Morgan Stanley set a GBX 515 ($6.36) price objective on shares of BP plc and gave the stock a buy rating in a research report on Wednesday, March 15th. Goldman Sachs Group Inc set a GBX 480 ($5.93) price objective on shares of BP plc and gave the stock a neutral rating in a research report on Tuesday, March 7th. HSBC Holdings plc reissued a buy rating and set a GBX 565 ($6.98) target price on shares of BP plc in a research note on Thursday, March 2nd. Finally, Kepler Capital Markets set a GBX 510 ($6.30) target price on BP plc and gave the stock a neutral rating in a research note on Thursday, March 2nd. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 511.33 ($6.32).
BP plc (LON:BP) opened at 463.15 on Thursday. BP plc has a one year low of GBX 249.43 and a one year high of GBX 521.20. The stock’s market capitalization is GBX 90.03 billion. The stock has a 50 day moving average price of GBX 460.08 and a 200-day moving average price of GBX 468.29.
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In other news, insider Brian Gilvary bought 70 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The shares were bought at an average cost of GBX 459 ($5.67) per share, for a total transaction of £321.30 ($396.81). Also, insider Nils Smedegaard Andersen bought 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 20th. The stock was purchased at an average price of GBX 446 ($5.51) per share, for a total transaction of £133,800 ($165,246.39). Over the last quarter, insiders purchased 52,275 shares of company stock worth $24,825,500.
BP plc 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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