BP plc (BP) Given a GBX 520 Price Target by Goldman Sachs Group Inc Analysts

BP plc (LON:BP) received a GBX 520 ($6.84) price target from equities researchers at Goldman Sachs Group Inc in a note issued to investors on Tuesday, November 7th. The brokerage presently has a “neutral” rating on the oil and gas exploration company’s stock. Goldman Sachs Group Inc’s target price points to a potential upside of 3.73% from the company’s previous close.

A number of other brokerages have also issued reports on BP. reiterated a “buy” rating and set a GBX 600 ($7.89) price target on shares of BP in a research report on Tuesday, November 7th. Barclays PLC restated an “overweight” rating and issued a GBX 675 ($8.88) price objective on shares of BP in a report on Wednesday, November 1st. Beaufort Securities restated a “buy” rating and issued a GBX 560 ($7.37) price objective on shares of BP in a report on Wednesday, November 1st. Citigroup Inc. restated a “neutral” rating and issued a GBX 480 ($6.31) price objective on shares of BP in a report on Wednesday, November 1st. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 540 ($7.10) price objective on shares of BP in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. BP presently has an average rating of “Buy” and an average target price of GBX 539.50 ($7.10).

Shares of BP (LON BP) traded up GBX 0.40 ($0.01) during mid-day trading on Tuesday, reaching GBX 501.30 ($6.59). The company’s stock had a trading volume of 21,135,966 shares, compared to its average volume of 29,290,000. BP has a one year low of GBX 436.95 ($5.75) and a one year high of GBX 529 ($6.96).

In other BP news, insider Brian Gilvary bought 63 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The stock was purchased at an average price of GBX 486 ($6.39) per share, for a total transaction of £306.18 ($402.71). In the last quarter, insiders have bought 196 shares of company stock valued at $94,283.

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About BP

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.

Analyst Recommendations for BP (LON:BP)

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