Trading Report: The BP plc’s (BP) “Buy” Rating Reaffirm at Beaufort Securities

The BP plc’s (BP) “Buy” Rating Reaffirm at Beaufort Securities

BP plc (LON:BP)‘s stock had its “buy” rating reissued by equities research analysts at Beaufort Securities in a report issued on Wednesday.

Several other research firms also recently issued reports on BP. Barclays PLC reaffirmed an “overweight” rating and set a GBX 600 ($7.50) price objective on shares of BP plc in a report on Monday, October 17th. Morgan Stanley reissued an “overweight” rating and issued a GBX 535 ($6.68) price target on shares of BP plc in a report on Monday, October 17th. Royal Bank Of Canada increased their price target on shares of BP plc from GBX 450 ($5.62) to GBX 460 ($5.75) and gave the company a “sector performer” rating in a report on Thursday, October 20th. Liberum Capital reissued a “hold” rating and issued a GBX 433 ($5.41) price target on shares of BP plc in a report on Monday, October 31st. Finally, HSBC increased their price target on shares of BP plc from GBX 495 ($6.18) to GBX 570 ($7.12) and gave the company a “buy” rating in a report on Tuesday, October 11th. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 468.12 ($5.85).

Shares of BP plc (LON:BP) traded down 0.850% during midday trading on Wednesday, hitting GBX 456.102. 13,993,954 shares of the stock traded hands. BP plc has a one year low of GBX 249.44 and a one year high of GBX 498.45. The stock’s market cap 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.

In related news, insider Brian Gilvary purchased 65 shares of the business’s stock in a transaction on Monday, October 10th. The shares were purchased at an average price of GBX 486 ($6.07) per share, with a total value of £315.90 ($394.68).

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