BP (NYSE:BP) Price Target Lowered to $650.00 at Barclays
BP (NYSE:BP) had its price objective lowered by Barclays from $700.00 to $650.00 in a research note released on Wednesday morning, Stock Target Advisor reports. The brokerage currently has an overweight rating on the oil and gas exploration company’s stock.
Other equities analysts have also issued reports about the stock. Kepler Capital Markets restated a buy rating and issued a $650.00 price objective on shares of BP in a report on Wednesday, October 30th. BMO Capital Markets initiated coverage on shares of BP in a report on Tuesday, August 20th. They issued an outperform rating and a $53.00 price objective on the stock. ValuEngine upgraded shares of BP from a sell rating to a hold rating in a report on Wednesday, October 2nd. Societe Generale reduced their target price on shares of BP from $570.00 to $560.00 and set a buy rating on the stock in a report on Wednesday, October 30th. Finally, Credit Suisse Group lowered shares of BP from an outperform rating to a neutral rating and set a $41.06 target price on the stock. in a report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. BP has a consensus rating of Buy and an average target price of $273.43.
Shares of BP stock opened at $39.19 on Wednesday. The firm’s 50 day moving average price is $38.15 and its 200-day moving average price is $39.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.87 and a current ratio of 1.17. BP has a one year low of $35.73 and a one year high of $45.38. The firm has a market cap of $133.51 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.38 and a beta of 0.75.
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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