Trading Report: The BP plc (BP) Earns “Hold” Rating from Deutsche Bank AG

The BP plc (BP) Earns “Hold” Rating from Deutsche Bank AG

BP plc (LON:BP)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank AG in a research report issued on Wednesday. They presently have a GBX 505 ($6.31) target price on the oil and gas exploration company’s stock. Deutsche Bank AG’s price objective points to a potential upside of 10.72% from the company’s previous close.

BP has been the topic of a number of other reports. Macquarie restated a “neutral” rating and issued a GBX 425 ($5.31) price objective on shares of BP plc in a report on Monday, August 1st. BNP Paribas restated an “outperform” rating and issued a GBX 530 ($6.62) price objective (up from GBX 350 ($4.37)) on shares of BP plc in a report on Tuesday, October 11th. Liberum Capital restated a “hold” rating and issued a GBX 433 ($5.41) price objective on shares of BP plc in a report on Monday, October 31st. Societe Generale restated a “buy” rating and issued a GBX 500 ($6.25) price objective on shares of BP plc in a report on Wednesday, July 27th. Finally, Jefferies Group restated a “hold” rating and issued a GBX 400 ($5.00) price objective on shares of BP plc in a report on Wednesday, September 7th. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. BP plc has a consensus rating of “Hold” and a consensus price target of GBX 468.12 ($5.85).

Shares of BP plc (LON:BP) traded down 0.850% during trading on Wednesday, reaching GBX 456.102. The company had a trading volume of 13,993,954 shares. The company’s market capitalization is GBX 86.26 billion. The firm has a 50-day moving average price of GBX 468.95 and a 200-day moving average price of GBX 427.19. BP plc has a 52-week low of GBX 249.44 and a 52-week high of GBX 498.45.

In other news, insider Brian Gilvary acquired 68 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were bought at an average price of GBX 458 ($5.72) per share, with a total value of £311.44 ($389.11).

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