BNP Paribas restated their outperform rating on shares of BP plc (LON:BP) in a report issued on Wednesday. They currently have a GBX 560 ($6.98) price target on the oil and gas exploration company’s stock.
A number of other equities research analysts have also recently commented on BP. J P Morgan Chase & Co increased their price target on BP plc from GBX 495 ($6.17) to GBX 530 ($6.60) and gave the company an overweight rating in a research note on Wednesday, November 2nd. Deutsche Bank AG set a GBX 505 ($6.29) price target on BP plc and gave the company a neutral rating in a research note on Tuesday, December 6th. Beaufort Securities reiterated a buy rating on shares of BP plc in a research note on Wednesday, November 2nd. Canaccord Genuity decreased their price target on BP plc from GBX 550 ($6.85) to GBX 530 ($6.60) and set a buy rating for the company in a research note on Wednesday, November 2nd. Finally, Macquarie reiterated a neutral rating and issued a GBX 460 ($5.73) price target on shares of BP plc in a research note on Thursday, December 15th. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 513.09 ($6.39).
BP plc (LON:BP) opened at 458.829 on Wednesday. BP plc has a 12-month low of GBX 249.44 and a 12-month high of GBX 521.20. The stock’s market capitalization is GBX 89.19 billion. The company has a 50-day moving average price of GBX 495.32 and a 200-day moving average price of GBX 462.69.
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In related news, insider Nils Smedegaard Andersen acquired 22,145 shares of BP plc stock in a transaction that occurred on Thursday, January 5th. The shares were purchased at an average price of GBX 514 ($6.40) per share, for a total transaction of £113,825.30 ($141,785.38). Also, insider Brian Gilvary acquired 65 shares of BP plc stock in a transaction that occurred on Monday, December 12th. The shares were bought at an average price of GBX 476 ($5.93) per share, for a total transaction of £309.40 ($385.40). Insiders bought 22,270 shares of company stock worth $11,444,310 over the last ninety days.
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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