Brokerages Set BP plc (BP) PT at $511.33

BP plc (LON:BP) has been assigned a consensus rating of “Buy” from the twenty-three analysts that are presently covering the company. Eleven analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 511.33 ($6.32).

Several equities research analysts have issued reports on BP shares. Independent Research GmbH set a GBX 550 ($6.79) price objective on BP plc and gave the stock a “buy” rating in a report on Thursday, December 1st. Barclays PLC restated an “overweight” rating and set a GBX 625 ($7.72) price objective on shares of BP plc in a report on Friday, March 3rd. Deutsche Bank AG set a GBX 505 ($6.24) price objective on BP plc and gave the stock a “neutral” rating in a report on Friday, January 13th. Kepler Capital Markets dropped their price objective on BP plc from GBX 520 ($6.42) to GBX 505 ($6.24) and set a “hold” rating on the stock in a report on Wednesday, February 8th. Finally, Credit Suisse Group AG upgraded BP plc to an “outperform” rating and lifted their price objective for the stock from GBX 480 ($5.93) to GBX 500 ($6.18) in a report on Thursday, December 1st.

In other BP plc news, insider Nils Smedegaard Andersen purchased 22,145 shares of BP plc stock in a transaction on Thursday, January 5th. The stock was bought at an average price of GBX 514 ($6.35) per share, for a total transaction of £113,825.30 ($140,577.13). Also, insider Brian Gilvary purchased 70 shares of BP plc stock in a transaction on Friday, February 10th. The shares were acquired at an average price of GBX 459 ($5.67) per share, with a total value of £321.30 ($396.81). Insiders have acquired a total of 52,275 shares of company stock valued at $24,825,500 in the last quarter.

Shares of BP plc (LON:BP) opened at 461.10 on Thursday. BP plc has a 1-year low of GBX 249.43 and a 1-year high of GBX 521.20. The stock’s 50 day moving average price is GBX 460.08 and its 200 day moving average price is GBX 468.29. The stock’s market cap is GBX 89.63 billion.

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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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