Todays Report: Today, Morgan Stanley Reiterates GBX 535 Price Target for BP plc (BP)

Today, Morgan Stanley Reiterates GBX 535 Price Target for BP plc (BP)

BP plc (LON:BP) has been assigned a GBX 535 ($6.62) price objective by investment analysts at Morgan Stanley in a note issued to investors on Monday. The brokerage currently has a a “buy” rating on the oil and gas exploration company’s stock. Morgan Stanley’s price target would indicate a potential upside of 8.86% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Barclays PLC reiterated an “overweight” rating and set a GBX 600 ($7.43) price objective on shares of BP plc in a research report on Monday, October 10th. Jefferies Group restated a “hold” rating and issued a GBX 400 ($4.95) price target on shares of BP plc in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. set a GBX 405 ($5.01) price target on shares of BP plc and gave the company a “neutral” rating in a research report on Friday, July 8th. Finally, HSBC restated a “buy” rating and issued a GBX 430 ($5.32) price target on shares of BP plc in a research report on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 453.64 ($5.61).

Shares of BP plc (LON:BP) opened at 487.17 on Monday. BP plc has a 52-week low of GBX 249.44 and a 52-week high of GBX 498.45. The company has a 50-day moving average of GBX 443.90 and a 200 day moving average of GBX 405.23. The company’s market capitalization is GBX 91.48 billion.

In related news, insider Brian Gilvary bought 65 shares of the company’s stock in a transaction on Monday, October 10th. The stock was acquired at an average cost of GBX 486 ($6.01) per share, for a total transaction of £315.90 ($390.97).

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