BP (LON:BP) Given New GBX 380 Price Target at Barclays
BP (LON:BP) had its price target lowered by Barclays from GBX 650 ($8.55) to GBX 380 ($5.00) in a research note released on Thursday, Borsen Zeitung reports. The brokerage currently has an overweight rating on the oil and gas exploration company’s stock.
A number of other equities analysts also recently issued reports on BP. Main First Bank initiated coverage on shares of BP in a research note on Wednesday, December 4th. They issued an outperform rating and a GBX 620 ($8.16) price target for the company. Citigroup cut shares of BP from a buy rating to a neutral rating in a report on Thursday, March 12th. JPMorgan Chase & Co. cut their price target on shares of BP from GBX 600 ($7.89) to GBX 475 ($6.25) and set an overweight rating on the stock in a report on Thursday, March 12th. Morgan Stanley reiterated an outperform rating on shares of BP in a report on Friday, February 14th. Finally, BNP Paribas cut their price target on shares of BP from GBX 600 ($7.89) to GBX 430 ($5.66) and set an outperform rating on the stock in a report on Tuesday, March 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. BP has an average rating of Buy and a consensus price target of GBX 508.89 ($6.69).
BP stock traded up GBX 10.95 ($0.14) during trading on Thursday, reaching GBX 251.70 ($3.31). The company had a trading volume of 131,692,992 shares, compared to its average volume of 35,510,000. BP has a 52 week low of GBX 4.69 ($0.06) and a 52 week high of GBX 583.40 ($7.67). The company has a market cap of $51.00 billion and a P/E ratio of 12.78. The business has a 50 day moving average of GBX 408.12 and a 200 day moving average of GBX 473.31. The company has a debt-to-equity ratio of 76.90, a current ratio of 1.12 and a quick ratio of 0.66.
In related news, insider Brian Gilvary bought 65 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average price of GBX 492 ($6.47) per share, for a total transaction of £319.80 ($420.68).
BP Company Profile
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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