BP (LON:BP)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse Group in a note issued to investors on Monday, February 26th. They presently have a GBX 575 ($7.94) price objective on the oil and gas exploration company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 23.72% from the stock’s current price.
Several other research firms have also commented on BP. Barclays reissued an “overweight” rating and set a GBX 675 ($9.33) price target on shares of BP in a research report on Monday, November 13th. Macquarie set a GBX 450 ($6.22) price target on shares of BP and gave the company a “sell” rating in a research report on Thursday, January 11th. Jefferies Group increased their price target on shares of BP from GBX 500 ($6.91) to GBX 520 ($7.18) and gave the company a “hold” rating in a research report on Wednesday, December 20th. Goldman Sachs Group set a GBX 520 ($7.18) price target on shares of BP and gave the company a “neutral” rating in a research report on Tuesday, November 7th. Finally, Kepler Capital Markets increased their price target on shares of BP from GBX 505 ($6.98) to GBX 535 ($7.39) and gave the company a “hold” rating in a research report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 551.84 ($7.62).
BP (LON BP) traded down GBX 9.25 ($0.13) during trading hours on Monday, reaching GBX 464.75 ($6.42). 43,180,000 shares of the company were exchanged, compared to its average volume of 34,560,000. BP has a 52 week low of GBX 436.95 ($6.04) and a 52 week high of GBX 536.20 ($7.41). The stock has a market capitalization of $92,220.00 and a price-to-earnings ratio of 3,098.33.
In related news, insider Brian Gilvary acquired 65 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of GBX 470 ($6.49) per share, for a total transaction of £305.50 ($422.08). In the last 90 days, insiders have bought 190 shares of company stock worth $93,300.
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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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