Breaking: AlphaValue Reconfirms GBX 433 Price Objective On BP (LON:BP) Shares, Reconfirms Their Original Add Rating


BP (LON:BP) Rating Reaffirmed

BP (LON:BP) just had their share rating of a ‘Add’ issued by research analysts at AlphaValue, who now has a GBX 433 target PPS on the 70.58 billion GBP market cap company or a 13.63% upside potential. This key information was revealed to clients and investors in an interesting research report on Thursday 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 9.05 while the lowest target price is GBX 4.9. The mean of all analyst targets is GBX 6.19 with a 8.26% above today’s (GBX 381.95) stock price. BP PLC was the topic of 92 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 1 with “Outperform” rating. Oddo & Cie maintained shares with “Neutral” rating and GBX 390 target share price in a report from a November 16. Jefferies maintained BP stock in a recent report from November 27 with “Hold” rating. Nomura maintained the rating on November 11. Nomura has a “Neutral” rating and a GBX 360 price target on shares. Finally, Credit Suisse maintained the stock with “Underperform” rating in a report issued on a November 24.

Approximately 8.59 million shares of stock traded hands. BP plc (LON:BP) has declined 19.29% since May 6, 2015 and is downtrending. It has underperformed by 19.00% the S&P500.

Breaking: AlphaValue Reconfirms GBX 433 Price Objective On BP (LON:BP) Shares, Reconfirms Their Original Add Rating

BP p.l.c. is an integrated oil and gas company. The company has a market cap of 70.58 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).