Today, BP plc’s (BP) “Overweight” Rating Reaffirmed at Barclays PLC

Today, BP plc’s (BP) “Overweight” Rating Reaffirmed at Barclays PLC

Barclays PLC reiterated their overweight rating on shares of BP plc (LON:BP) in a report released on Monday morning. The brokerage currently has a GBX 600 ($7.31) target price on the oil and gas exploration company’s stock.

A number of other research firms have also recently weighed in on BP. Goldman Sachs Group Inc. set a GBX 405 ($4.94) price objective on BP plc and gave the company a neutral rating in a research report on Monday, July 18th. Morgan Stanley raised BP plc to an overweight rating and lifted their price objective for the company from GBX 420 ($5.12) to GBX 485 ($5.91) in a research report on Thursday, June 30th. Jefferies Group reissued a hold rating and issued a GBX 400 ($4.88) price target on shares of BP plc in a report on Tuesday, August 2nd. S&P Global Inc. set a GBX 450 ($5.48) price target on BP plc and gave the stock a neutral rating in a report on Tuesday, July 26th. Finally, Credit Suisse Group AG reissued a neutral rating and issued a GBX 430 ($5.24) price target on shares of BP plc in a report on Monday, July 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company. BP plc has a consensus rating of Hold and an average target price of GBX 454.44 ($5.54).

Shares of BP plc (LON:BP) opened at 488.70 on Monday. The stock’s market cap is GBX 91.76 billion. BP plc has a 1-year low of GBX 249.44 and a 1-year high of GBX 498.45. The stock’s 50 day moving average price is GBX 445.59 and its 200-day moving average price is GBX 406.90.

In related news, insider Brian Gilvary acquired 65 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The stock was purchased at an average cost of GBX 486 ($5.92) per share, for a total transaction of £315.90 ($385.01).

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