Today: The Goldman Sachs Group Inc. Reiterates “GBX 418” Price Target for BP plc (BP)

The Goldman Sachs Group Inc. Reiterates “GBX 418” Price Target for BP plc (BP)

Goldman Sachs Group Inc. set a GBX 418 ($5.46) price target on BP plc (LON:BP) in a research report released on Wednesday. The firm currently has a a neutral rating on the oil and gas exploration company’s stock.

Other research analysts have also recently issued reports about the stock. Barclays PLC restated an overweight rating and issued a GBX 550 ($7.18) price objective on shares of BP plc in a research report on Tuesday, June 14th. Canaccord Genuity reiterated a buy rating and set a GBX 520 ($6.79) price target on shares of BP plc in a research report on Wednesday, July 27th. Beaufort Securities reiterated a buy rating on shares of BP plc in a research report on Wednesday, July 27th. Citigroup Inc. upgraded shares of BP plc to a buy rating and increased their price target for the company from GBX 370 ($4.83) to GBX 410 ($5.35) in a research report on Thursday, June 16th. Finally, HSBC set a GBX 505 ($6.59) price target on shares of BP plc and gave the company a buy rating in a research report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of GBX 441.44 ($5.76).

Shares of BP plc (LON:BP) opened at 482.9494 on Wednesday. The stock has a 50 day moving average of GBX 436.20 and a 200 day moving average of GBX 401.00. The company’s market cap is GBX 90.68 billion. BP plc has a 1-year low of GBX 249.44 and a 1-year high of GBX 486.65.

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