Morgan Stanley set a GBX 515 ($6.36) target price on BP plc (LON:BP) in a research note published on Wednesday. The firm currently has a buy rating on the oil and gas exploration company’s stock.

Other equities analysts have also recently issued reports about the company. Independent Research GmbH set a GBX 550 ($6.79) target price on BP plc and gave the company a buy rating in a research note on Thursday, December 1st. Citigroup Inc reissued a buy rating on shares of BP plc in a research note on Wednesday, December 14th. HSBC Holdings plc boosted their target price on BP plc from GBX 540 ($6.67) to GBX 590 ($7.29) and gave the company a buy rating in a research note on Tuesday, January 10th. JPMorgan Chase & Co. set a GBX 560 ($6.92) target price on BP plc and gave the company a buy rating in a research note on Friday, January 13th. Finally, Societe Generale set a GBX 580 ($7.16) target price on BP plc and gave the company a buy rating in a research note on Tuesday, January 31st. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. BP plc presently has a consensus rating of Buy and a consensus target price of GBX 511.33 ($6.32).

Shares of BP plc (LON:BP) opened at 463.15 on Wednesday. The firm’s market cap is GBX 90.03 billion. BP plc has a 12 month low of GBX 249.43 and a 12 month high of GBX 521.20. The company has a 50-day moving average of GBX 460.08 and a 200-day moving average of GBX 468.29.

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In related news, insider Nils Smedegaard Andersen purchased 22,145 shares of BP plc stock in a transaction on Thursday, January 5th. The stock was acquired at an average price of GBX 514 ($6.35) per share, for a total transaction of £113,825.30 ($140,577.13). Also, insider Brian Gilvary purchased 60 shares of BP plc stock in a transaction on Tuesday, January 10th. The stock was bought at an average price of GBX 514 ($6.35) per share, with a total value of £308.40 ($380.88). In the last 90 days, insiders acquired 52,275 shares of company stock valued at $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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