Bp (LON:BP) “Hold” Rating Reaffirmed Today By Jefferies; The Target Provided Is GBX 360.00

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Bp (LON:BP) Rating Reaffirmed

In an analyst research report announced this morning, Jefferies has decided to restate their “Hold” rating on Bp (LON:BP) shares. The target price per share would possibly suggest a possible downside of -6.86% from company’s previous close.

From a total of 24 analysts covering BP PLC (LON:BP) stock, 13 rate it a ”Buy”, 1 a “Sell”, and 10 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is GBX 600 while the lowest target price is GBX 330. The mean of all analyst targets is GBX 413.50 with a 6.97% above today’s (GBX 386.55) stock price. BP PLC was the topic of 90 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on November 27 with “Hold” rating. Oddo & Cie maintained shares with “Neutral” rating and GBX 390 target share price in a report from a November 16. Credit Suisse maintained BP stock in a recent report from November 24 with “Underperform” rating. Nomura maintained the rating on November 11. Nomura has a “Neutral” rating and a GBX 360 price target on shares. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on a November 18.

The stock decreased 0.78% or GBX 3.05 on November 27, striking GBX 386.55. Approximately 19.86M shares of stock traded hands. BP plc (LON:BP) has declined 17.51% since May 1, 2015 and is downtrending. It has underperformed by 16.62% the S&P500.

Bp (LON:BP)

BP p.l.c. is an integrated oil and gas company. The company has a market cap of 70.87 billion GBP. The Firm provides its clients with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items, including paints, clothes and packaging. It currently has negative earnings. The Firm operates in three business divisions: Upstream, Downstream and Rosneft.

According to Zacks Investment Research, “BP p.l.c. is the holding company of one of the world’s largest petroleum and petrochemicals groups. Their main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. They have a growing activity in gas and power and in solar power generation. BP has well-established operations in Europe, North and South America, Australasia and Africa.” Get a free copy of the Zacks research report on BP plc (BP)

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