Barclays Reaffirms “Overweight” Rating for BP (BP)
Barclays reiterated their overweight rating on shares of BP (LON:BP) in a research report report published on Wednesday, January 3rd. They currently have a GBX 675 ($9.48) price objective on the oil and gas exploration company’s stock.
A number of other research analysts have also issued reports on the company. UBS Group set a GBX 525 ($7.37) target price on BP and gave the company a buy rating in a report on Friday, September 15th. Kepler Capital Markets reissued a reduce rating and issued a GBX 430 ($6.04) target price on shares of BP in a report on Friday, September 15th. set a GBX 565 ($7.93) target price on BP and gave the company a buy rating in a report on Friday, October 13th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 550 ($7.72) target price on shares of BP in a report on Friday, December 15th. Finally, Deutsche Bank reaffirmed a buy rating and set a GBX 520 ($7.30) price objective on shares of BP in a report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. BP currently has a consensus rating of Hold and an average target price of GBX 541.50 ($7.60).
BP (BP) traded down GBX 0.70 ($0.01) during trading hours on Wednesday, hitting GBX 515.60 ($7.24). The stock had a trading volume of 20,670,000 shares, compared to its average volume of 22,510,000. The firm has a market capitalization of $102,390.00 and a price-to-earnings ratio of 3,682.86. BP has a 1-year low of GBX 436.95 ($6.14) and a 1-year high of GBX 536.20 ($7.53).
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.
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.