BP (BP) PT Set at GBX 610 by UBS Group

BP (LON:BP) has been given a GBX 610 ($7.97) price target by UBS Group in a note issued to investors on Thursday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. UBS Group’s target price points to a potential upside of 17.04% from the stock’s current price.

Several other equities research analysts also recently commented on BP. HSBC boosted their target price on shares of BP from GBX 675 ($8.82) to GBX 690 ($9.02) and gave the stock a “buy” rating in a research report on Wednesday, September 12th. Deutsche Bank reissued a “buy” rating and set a GBX 620 ($8.10) target price on shares of BP in a research report on Wednesday, September 19th. Goldman Sachs Group set a GBX 730 ($9.54) target price on shares of BP and gave the stock a “buy” rating in a research report on Monday, October 1st. BNP Paribas reissued an “outperform” rating and set a GBX 700 ($9.15) target price on shares of BP in a research report on Thursday, October 4th. Finally, Barclays reissued an “overweight” rating and set a GBX 705 ($9.21) target price on shares of BP in a research report on Monday, October 8th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. BP currently has a consensus rating of “Buy” and a consensus price target of GBX 644.74 ($8.42).

LON:BP opened at GBX 521.20 ($6.81) on Thursday. BP has a one year low of GBX 436.95 ($5.71) and a one year high of GBX 536.20 ($7.01).

In other news, insider Helge Lund acquired 600,000 shares of BP stock in a transaction on Thursday, December 20th. The stock was acquired at an average cost of GBX 493 ($6.44) per share, with a total value of £2,958,000 ($3,865,150.92). Also, insider Brian Gilvary acquired 60 shares of BP stock in a transaction on Monday, November 12th. The stock was purchased at an average cost of GBX 524 ($6.85) per share, with a total value of £314.40 ($410.82). Insiders acquired a total of 600,123 shares of company stock valued at $295,863,885 over the last ninety days.

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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Analyst Recommendations for BP (LON:BP)

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