BP (LON:BP) had its price target reduced by research analysts at Barclays from GBX 650 ($8.55) to GBX 380 ($5.00) in a research report issued on Thursday, Borsen Zeitung reports. The brokerage currently has an “overweight” rating on the oil and gas exploration company’s stock. Barclays‘s price objective points to a potential upside of 50.97% from the company’s previous close.

A number of other analysts have also recently weighed in on BP. Liberum Capital lowered their price objective on BP from GBX 560 ($7.37) to GBX 540 ($7.10) and set a “buy” rating for the company in a research report on Friday, February 7th. BNP Paribas lowered their price objective on BP from GBX 600 ($7.89) to GBX 430 ($5.66) and set an “outperform” rating for the company in a research report on Tuesday, March 10th. Goldman Sachs Group reissued a “buy” rating on shares of BP in a research report on Wednesday. Royal Bank of Canada cut BP from an “outperform” rating to an “underperform” rating in a research report on Monday, March 16th. Finally, DZ Bank raised BP to a “hold” rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 508.89 ($6.69).

Shares of BP stock traded up GBX 10.95 ($0.14) during trading on Thursday, reaching GBX 251.70 ($3.31). The company’s stock had a trading volume of 131,692,992 shares, compared to its average volume of 35,510,000. The company has a quick ratio of 0.66, a current ratio of 1.12 and a debt-to-equity ratio of 76.90. The company has a market cap of $51.00 billion and a price-to-earnings ratio of 12.78. BP has a 1-year low of GBX 4.69 ($0.06) and a 1-year high of GBX 583.40 ($7.67). The company has a 50-day simple moving average of GBX 408.12 and a two-hundred day simple moving average of GBX 473.31.

In other news, insider Brian Gilvary purchased 65 shares of the stock in a transaction on Friday, January 10th. The stock was bought at an average price of GBX 492 ($6.47) per share, with a total value of £319.80 ($420.68).

About BP

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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Analyst Recommendations for BP (LON:BP)

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