BP (LON:BP) had its price objective reduced by Morgan Stanley from GBX 550 ($7.88) to GBX 505 ($7.23) in a research report report published on Tuesday. Morgan Stanley currently has an equal weight rating on the oil and gas exploration company’s stock.
A number of other research firms also recently weighed in on BP. Goldman Sachs set a GBX 610 ($8.73) target price on BP and gave the stock a neutral rating in a research report on Tuesday, February 6th. Beaufort Securities reaffirmed a buy rating and set a GBX 560 ($8.02) price objective on shares of BP in a report on Tuesday, February 6th. Citigroup reaffirmed a neutral rating and set a GBX 510 ($7.30) price objective on shares of BP in a report on Wednesday, February 7th. Kepler Capital Markets decreased their price objective on BP from GBX 535 ($7.66) to GBX 530 ($7.59) and set a hold rating on the stock in a report on Friday, April 13th. Finally, JPMorgan Chase reaffirmed an overweight rating and set a GBX 560 ($8.02) price objective on shares of BP in a report on Monday, March 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 552.75 ($7.91).
BP stock opened at GBX 518.20 ($7.42) on Tuesday. BP has a twelve month low of GBX 436.95 ($6.26) and a twelve month high of GBX 536.20 ($7.68).
In other BP news, insider Brian Gilvary bought 65 shares of BP stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of GBX 470 ($6.73) per share, with a total value of £305.50 ($437.43). Insiders bought a total of 195 shares of company stock worth $93,730 over the last three months.
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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