Trade Report: The Goldman Sachs Group Inc. Reiterates “Neutral” Rating for BP plc (BP)

The Goldman Sachs Group Inc. Reiterates “Neutral” Rating for BP plc (BP)

BP plc (LON:BP)‘s stock had its “neutral” rating restated by investment analysts at Goldman Sachs Group Inc. in a research note issued to investors on Monday.

BP has been the topic of several other reports. Macquarie reaffirmed a “neutral” rating and issued a GBX 425 ($5.31) price objective on shares of BP plc in a research report on Monday, August 1st. BNP Paribas reissued an “outperform” rating and set a GBX 530 ($6.62) price target (up from GBX 350 ($4.37)) on shares of BP plc in a research report on Tuesday, October 11th. Liberum Capital reissued a “hold” rating and set a GBX 433 ($5.41) price target on shares of BP plc in a research report on Monday, October 31st. Barclays PLC reissued an “overweight” rating and set a GBX 600 ($7.50) price target on shares of BP plc in a research report on Friday, November 11th. Finally, Jefferies Group reissued a “hold” rating and set a GBX 400 ($5.00) price target on shares of BP plc in a research 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 stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 468.12 ($5.85).

Shares of BP plc (LON:BP) opened at 450.36 on Monday. The firm’s market capitalization is GBX 85.18 billion. The company’s 50-day moving average price is GBX 468.95 and its 200-day moving average price is 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 purchased 68 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was bought at an average price of GBX 458 ($5.72) per share, with a total value of £311.44 ($389.11).

Related posts

Leave a Comment