The BP plc (BP) Receives Buy Rating from Deutsche Bank AG

The BP plc (BP) Receives Buy Rating from Deutsche Bank AG

Deutsche Bank AG reaffirmed their buy rating on shares of BP plc (LON:BP) in a research report report published on Wednesday morning. They currently have a GBX 520 ($6.86) price objective on the oil and gas exploration company’s stock.

Several other research analysts have also weighed in on BP. Royal Bank Of Canada reissued a sector performer rating and set a GBX 500 ($6.60) price objective on shares of BP plc in a research note on Monday. J P Morgan Chase & Co lifted their price objective on shares of BP plc from GBX 500 ($6.60) to GBX 540 ($7.13) and gave the stock an overweight rating in a research note on Thursday, October 19th. Jefferies Group LLC lifted their price objective on shares of BP plc from GBX 470 ($6.20) to GBX 500 ($6.60) and gave the stock a hold rating in a research note on Thursday, October 19th. Barclays PLC reissued an overweight rating and set a GBX 675 ($8.91) price objective on shares of BP plc in a research note on Tuesday, October 17th. Finally, HSBC Holdings plc set a GBX 565 ($7.46) price objective on shares of BP plc and gave the stock a buy rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. BP plc presently has an average rating of Hold and an average price target of GBX 514.23 ($6.79).

BP plc (BP) traded up 0.46% during mid-day trading on Wednesday, hitting GBX 490.00. 24,942,966 shares of the company were exchanged. The stock’s market cap is GBX 96.46 billion. The company has a 50 day moving average of GBX 473.34 and a 200 day moving average of GBX 460.11. BP plc has a 12-month low of GBX 432.15 and a 12-month high of GBX 521.20.

In other BP plc news, insider Brian Gilvary acquired 70 shares of the stock in a transaction dated Monday, September 11th. The shares were bought at an average cost of GBX 446 ($5.89) per share, for a total transaction of £312.20 ($411.98). Insiders bought 201 shares of company stock worth $93,730 over the last quarter.

BP plc Company Profile

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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