BP (BP) Shares Down 2.3%
BP plc (LON:BP)’s share price traded down 2.3% during mid-day trading on Friday . The stock traded as low as GBX 466.80 ($6.55) and last traded at GBX 470.05 ($6.59). 41,662,015 shares traded hands during trading, an increase of 46% from the average session volume of 28,560,000 shares. The stock had previously closed at GBX 481.10 ($6.75).
Several equities analysts recently issued reports on the stock. Morgan Stanley set a GBX 645 ($9.04) price objective on shares of BP and gave the company a “buy” rating in a report on Wednesday. UBS Group set a GBX 550 ($7.71) price objective on shares of BP and gave the company a “buy” rating in a report on Wednesday. Kepler Capital Markets reaffirmed a “hold” rating and issued a GBX 535 ($7.50) price target on shares of BP in a report on Wednesday. Citigroup reaffirmed a “neutral” rating and issued a GBX 510 ($7.15) price target on shares of BP in a report on Wednesday. Finally, Goldman Sachs Group set a GBX 610 ($8.55) price target on shares of BP and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 546.58 ($7.66).
The firm has a market capitalization of $93,480.00 and a price-to-earnings ratio of 3,917.08.
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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