Morgan Stanley reiterated their overweight rating on shares of BP plc (LON:BP) in a research note released on Monday, July 17th. Morgan Stanley currently has a GBX 510 ($6.64) price objective on the oil and gas exploration company’s stock.
A number of other equities analysts have also commented on BP. UBS AG set a GBX 525 ($6.84) price objective on BP plc and gave the stock a buy rating in a research note on Tuesday, April 4th. Barclays PLC restated an overweight rating and set a GBX 675 ($8.79) target price on shares of BP plc in a research report on Thursday, July 13th. Canaccord Genuity restated a buy rating and set a GBX 525 ($6.84) target price on shares of BP plc in a research report on Friday, June 16th. Jefferies Group LLC restated a hold rating and set a GBX 480 ($6.25) target price on shares of BP plc in a research report on Thursday, July 13th. Finally, Royal Bank Of Canada restated a sector performer rating and set a GBX 470 ($6.12) target price on shares of BP plc in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of GBX 504.23 ($6.57).
BP plc (LON BP) traded down 0.24% on Monday, hitting GBX 443.65. 23,432,943 shares of the stock traded hands. The stock’s market cap is GBX 87.24 billion. The firm’s 50-day moving average price is GBX 452.39 and its 200-day moving average price is GBX 462.40. BP plc has a 12-month low of GBX 408.63 and a 12-month high of GBX 521.20.
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In other news, insider Brian Gilvary bought 70 shares of the stock in a transaction dated Monday, July 10th. The shares were bought at an average price of GBX 444 ($5.78) per share, for a total transaction of £310.80 ($404.90). In the last quarter, insiders have bought 206 shares of company stock worth $93,912.
About BP plc
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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