BP plc (BP) Stock Rating Reaffirmed by Goldman Sachs Group, Inc. (The)

BP plc (LON:BP)‘s stock had its “neutral” rating restated by analysts at Goldman Sachs Group, Inc. (The) in a report issued on Thursday. They currently have a GBX 480 ($6.22) price target on the oil and gas exploration company’s stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential upside of 7.91% from the company’s previous close.

Other equities analysts have also issued reports about the stock. UBS AG set a GBX 525 ($6.80) price objective on shares of BP plc and gave the stock a “buy” rating in a report on Tuesday, April 4th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 530 ($6.87) price objective on shares of BP plc in a report on Monday, June 12th. Citigroup Inc. restated a “neutral” rating and issued a GBX 480 ($6.22) price objective on shares of BP plc in a report on Thursday, June 15th. Barclays PLC restated an “overweight” rating and issued a GBX 625 ($8.10) price objective on shares of BP plc in a report on Tuesday, June 20th. Finally, Deutsche Bank AG restated a “buy” rating and issued a GBX 515 ($6.67) price objective on shares of BP plc in a report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 510.14 ($6.61).

Shares of BP plc (BP) opened at 450.00 on Thursday. The company has a 50-day moving average of GBX 464.60 and a 200-day moving average of GBX 470.39. The stock’s market capitalization is GBX 88.49 billion. BP plc has a 52-week low of GBX 408.63 and a 52-week high of GBX 521.20.

This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://zolmax.com/investing/bp-plc-bp-stock-rating-reaffirmed-by-goldman-sachs-group-inc-the/1524911.html

The company also recently disclosed a dividend, which was paid on Friday, June 23rd. Shareholders of record on Thursday, May 11th were given a $0.10 dividend. This represents a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, May 11th.

WARNING: This piece was first published by Zolmax and is the property of of Zolmax. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://zolmax.com/investing/bp-plc-bp-stock-rating-reaffirmed-by-goldman-sachs-group-inc-the/1524911.html.

In other news, insider Brian Gilvary acquired 68 shares of the company’s stock in a transaction on Monday, June 12th. The shares were bought at an average cost of GBX 468 ($6.06) per share, with a total value of £318.24 ($412.23). Over the last three months, insiders acquired 206 shares of company stock worth $93,912.

About BP plc

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 plc (LON:BP)

Receive News & Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

The Travelers Companies, Inc.  PT Raised to $150.00
The Travelers Companies, Inc. PT Raised to $150.00
Citigroup Inc. Lowers Jagged Peak Energy Inc.  Price Target to $18.00
Citigroup Inc. Lowers Jagged Peak Energy Inc. Price Target to $18.00
Spire Inc.  Stock Rating Lowered by Zacks Investment Research
Spire Inc. Stock Rating Lowered by Zacks Investment Research
Siemens AG  Rating Lowered to Sell at Zacks Investment Research
Siemens AG Rating Lowered to Sell at Zacks Investment Research
Polar Capital Holdings plc  Stock Rating Reaffirmed by Peel Hunt
Polar Capital Holdings plc Stock Rating Reaffirmed by Peel Hunt
BP plc  Stock Rating Reaffirmed by Goldman Sachs Group, Inc.
BP plc Stock Rating Reaffirmed by Goldman Sachs Group, Inc.


Leave a Reply

 
© 2006-2017 Zolmax.