BP (LON:BP) Outperform Rating Has Been Maintained Today By Bernstein; The Target Given is GBX 450

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BP (LON:BP) Rating Reaffirmed

BP (LON:BP) just had their share rating of a ‘Outperform’ issued by research analysts at Bernstein, who now has a GBX 450 Estimated Target Price on the 61.25 billion GBP market cap company or a 34.29% upside potential. This key information was announced to investors in an interesting research report on Tuesday morning.

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 23.99% above today’s (GBX 336.65) stock price. BP PLC was the topic of 100 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Oddo & Cie maintained shares on December 14 with “Neutral” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 600 target share price in a report from a December 7. Canaccord Genuity maintained BP stock in a recent report from December 7 with “Buy” rating. Macquarie Research maintained the rating on December 4. Macquarie Research has a “Neutral” rating and a GBX 350 price target on shares. Finally, Deutsche Bank maintained the stock with “Buy” rating in a report issued on a December 7.

Approximately 9.41M shares of stock traded hands. BP plc (LON:BP) has declined 27.19% since May 18, 2015 and is downtrending. It has underperformed by 23.52% the S&P500.

BP (LON:BP) Outperform Rating Has Been Maintained Today By Bernstein; The Target Given is GBX 450

BP p.l.c. is an integrated oil and gas company. The company has a market cap of 61.25 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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