BP Stock – BP (LON:BP) price Target Raised to GBX 285
BP (LON:BP) had its target price upped by Berenberg Bank from GBX 280 ($3.66) to GBX 285 ($3.72) in a research note issued to investors on Thursday, Digital Look reports. The firm currently has a “hold” rating on the oil and gas exploration company’s stock. Berenberg Bank’s target price would suggest a potential downside of 5.63% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “neutral” rating and set a GBX 300 ($3.92) price objective on shares of BP in a research report on Wednesday, April 7th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 350 ($4.57) price objective on shares of BP in a research note on Tuesday, February 16th. JPMorgan Chase & Co. increased their price target on BP from GBX 415 ($5.42) to GBX 440 ($5.75) and gave the stock an “overweight” rating in a report on Wednesday, March 3rd. Jefferies Financial Group assumed coverage on shares of BP in a research report on Thursday, January 21st. They issued a “hold” rating and a GBX 270 ($3.53) price target on the stock. Finally, Barclays reaffirmed an “overweight” rating on shares of BP in a report on Thursday, April 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 364.64 ($4.76).
Shares of BP opened at GBX 302 ($3.95) on Thursday. The firm has a market capitalization of £61.45 billion and a price-to-earnings ratio of -4.17. The company has a debt-to-equity ratio of 95.74, a quick ratio of 0.84 and a current ratio of 1.22. The business’s fifty day moving average price is GBX 301.84 and its two-hundred day moving average price is GBX 260.59. BP has a 52 week low of GBX 188.52 ($2.46) and a 52 week high of GBX 508.70 ($6.65).
In other BP news, insider Tushar Morzaria acquired 15,696 shares of the company’s stock in a transaction on Wednesday, April 28th. The stock was acquired at an average cost of GBX 300 ($3.92) per share, with a total value of £47,088 ($61,520.77). Also, insider Bernard Looney acquired 97 shares of the company’s stock in a transaction on Wednesday, March 10th. The stock was acquired at an average cost of GBX 315 ($4.12) per share, with a total value of £305.55 ($399.20). Insiders acquired 15,913 shares of company stock worth $4,770,555 over the last quarter.
BP PLC engages in the energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, and field development and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power, and natural gas liquids (NGLs).
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View the “7 Infrastructure Stocks That May Help Rebuild America”.