A number of other equities analysts have also issued reports on the company. Royal Bank of Canada raised BP from an outperform rating to a top pick rating and upped their target price for the company from GBX 600 ($7.84) to GBX 675 ($8.82) in a research report on Monday, July 9th. JPMorgan Chase & Co. set a GBX 650 ($8.49) target price on BP and gave the company a buy rating in a research report on Monday, July 9th. HSBC upped their target price on BP from GBX 640 ($8.36) to GBX 655 ($8.56) and gave the company a buy rating in a research report on Friday, July 13th. Credit Suisse Group upped their target price on BP from GBX 610 ($7.97) to GBX 640 ($8.36) and gave the company an outperform rating in a research report on Thursday, July 19th. Finally, UBS Group set a GBX 610 ($7.97) target price on BP and gave the company a buy rating in a research report on Friday, July 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 635.71 ($8.31).
LON BP opened at GBX 537.56 ($7.02) on Monday. BP has a fifty-two week low of GBX 436.95 ($5.71) and a fifty-two week high of GBX 536.20 ($7.01).
In other news, insider Brian Gilvary purchased 58 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were acquired at an average cost of GBX 537 ($7.02) per share, with a total value of £311.46 ($406.98). Over the last three months, insiders have purchased 169 shares of company stock worth $94,545.
BP Company Profile
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, 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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