BP (LON:BP) has been given a GBX 450 ($6.10) target price by Macquarie in a report released on Thursday. The brokerage presently has a “sell” rating on the oil and gas exploration company’s stock. Macquarie’s target price points to a potential downside of 15.86% from the company’s previous close.
A number of other analysts also recently commented on BP. Barclays reiterated an “overweight” rating and issued a GBX 675 ($9.15) target price on shares of BP in a report on Wednesday. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 500 ($6.78) target price on shares of BP in a report on Wednesday, September 27th. UBS Group set a GBX 525 ($7.12) target price on shares of BP and gave the stock a “buy” rating in a report on Tuesday, September 26th. Goldman Sachs Group reiterated a “neutral” rating and issued a GBX 500 ($6.78) target price on shares of BP in a report on Monday, October 2nd. Finally, Royal Bank of Canada reiterated a “sector performer” rating and issued a GBX 550 ($7.46) target price on shares of BP in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 538.50 ($7.30).
BP (BP) traded up GBX 1.80 ($0.02) during midday trading on Thursday, hitting GBX 534.80 ($7.25). 33,811,835 shares of the company were exchanged, compared to its average volume of 23,810,000. BP has a twelve month low of GBX 436.95 ($5.93) and a twelve month high of GBX 536.20 ($7.27). The company has a market cap of $105,960.00 and a P/E ratio of 3,820.00.
In related news, insider Brian Gilvary acquired 63 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average cost of GBX 493 ($6.69) per share, with a total value of £310.59 ($421.20). Insiders have purchased 186 shares of company stock worth $95,184 over the last ninety days.
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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