Today: Today, BP plc (BP) Decreased to Hold at Societe Generale

Today, BP plc (BP) Decreased to Hold at Societe Generale

BP plc (LON:BP) was downgraded by investment analysts at Societe Generale to a “hold” rating in a note issued to investors on Wednesday. They presently have a GBX 500 ($6.20) price objective on the oil and gas exploration company’s stock. Societe Generale’s price objective would suggest a potential upside of 9.62% from the company’s previous close.

A number of other research analysts have also recently weighed in on BP. Barclays PLC lifted their price target on shares of BP plc from GBX 565 ($7.01) to GBX 600 ($7.44) and gave the company an “overweight” rating in a research report on Tuesday, July 5th. Canaccord Genuity lifted their price target on shares of BP plc from GBX 420 ($5.21) to GBX 510 ($6.33) and gave the company a “buy” rating in a research report on Tuesday, July 5th. Independent Research GmbH set a GBX 500 ($6.20) price target on shares of BP plc and gave the company a “neutral” rating in a research report on Tuesday, July 5th. JPMorgan Chase & Co. lifted their price target on shares of BP plc from GBX 410 ($5.09) to GBX 495 ($6.14) and gave the company an “overweight” rating in a research report on Friday, July 8th. Finally, Goldman Sachs Group Inc. set a GBX 405 ($5.02) price target on shares of BP plc and gave the company a “neutral” rating in a research report on Friday, July 8th. Sixteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 468.12 ($5.81).

BP plc (LON:BP) traded down 0.59% on Wednesday, hitting GBX 452.25. The company’s stock had a trading volume of 22,170,727 shares. The stock’s market cap is GBX 85.53 billion. BP plc has a 12 month low of GBX 249.44 and a 12 month high of GBX 498.45. The firm has a 50 day moving average of GBX 467.88 and a 200-day moving average of GBX 428.84.

In other BP plc news, insider Brian Gilvary purchased 68 shares of the business’s stock in a transaction on Thursday, November 10th. The stock was bought at an average cost of GBX 458 ($5.68) per share, with a total value of £311.44 ($386.35).

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