Today Oddo & Cie Sticks With a Neutral Rating on BP (LON:BP) and a GBX 390 Target Price

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BP (LON:BP) Rating Reaffirmed

BP (LON:BP) just had their share rating of a ‘Neutral’ issued by research analysts at Oddo & Cie, who now has a GBX 390 target price on the 61.20 billion GBP market cap company or a 15.97% upside potential. This key information was announced in an analyst note on Monday, 14 December.

From a total of 25 analysts covering BP PLC (LON:BP) stock, 12 rate it a ”Buy”, 3 a “Sell”, and 15 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is GBX 9.11 while the lowest target price is GBX 4.93. The mean of all analyst targets is GBX 6.26 with a 24.34% above today’s (GBX 335.7) stock price. BP PLC was the topic of 99 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 9 with “Outperform” rating. Macquarie Research maintained shares with “Neutral” rating and GBX 350 target share price in a report from a December 4. RBC Capital Markets maintained BP stock in a recent report from December 7 with “Sector Performer” rating. AlphaValue maintained the rating on December 3. AlphaValue has a “Add” rating and a GBX 433 price target on shares. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on a December 7.

Approximately 7.23 million shares of stock traded hands. BP plc (LON:BP) has declined 25.29% since May 15, 2015 and is downtrending. It has underperformed by 20.87% the S&P500.

Today Oddo & Cie Sticks With a Neutral Rating on BP (LON:BP) and a GBX 390 Target Price

BP p.l.c. is an integrated oil and gas company. The company has a market cap of 61.20 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.”

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