The BP plc (BP) Stock Rating Reaffirmed by Goldman Sachs Group Inc.

The BP plc (BP) Stock Rating Reaffirmed by Goldman Sachs Group Inc.

BP plc (LON:BP)‘s stock had its “neutral” rating reaffirmed by equities researchers at Goldman Sachs Group Inc. in a research report issued on Wednesday. They currently have a GBX 515 ($6.21) target price on the oil and gas exploration company’s stock. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 3.18% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity dropped their price target on shares of BP plc from GBX 550 ($6.64) to GBX 530 ($6.39) and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. HSBC lifted their price target on shares of BP plc from GBX 495 ($5.97) to GBX 570 ($6.88) and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Beaufort Securities reiterated a “buy” rating on shares of BP plc in a research note on Wednesday, November 2nd. Independent Research GmbH set a GBX 550 ($6.64) price target on shares of BP plc and gave the stock a “buy” rating in a research note on Thursday, December 1st. Finally, Citigroup Inc. reiterated a “buy” rating on shares of BP plc in a research note on Wednesday, December 14th. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 494.26 ($5.96).

BP plc (LON:BP) opened at 501.54 on Wednesday. The company has a 50-day moving average price of GBX 496.23 and a 200-day moving average price of GBX 460.26. The company’s market cap is GBX 94.86 billion. BP plc has a 1-year low of GBX 249.44 and a 1-year high of GBX 521.20.

In other BP plc news, insider Brian Gilvary purchased 68 shares of the stock in a transaction dated Thursday, November 10th. The stock was purchased at an average price of GBX 458 ($5.53) per share, with a total value of £311.44 ($375.73). Also, insider Nils Smedegaard Andersen purchased 22,145 shares of the stock in a transaction dated Thursday, January 5th. The stock was acquired at an average cost of GBX 514 ($6.20) per share, with a total value of £113,825.30 ($137,320.91). Over the last three months, insiders acquired 22,338 shares of company stock valued at $11,475,454.

BP plc Company Profile

BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.

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