London: BP (LON:BP) Stock Has Just Had Its Neutral Rating Reiterated by Macquarie. Shares now Have a GBX 350 Target


BP (LON:BP) Rating Reaffirmed

The broker has just set a TP of GBX 350 on BP (LON:BP) shares. This is -5.30% from the price per share. In a recent report revealed to investors on Friday, 4 December, Macquarie has decided to restate their Neutral rating on shares of BP.

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 8.97 while the lowest target price is GBX 4.86. The mean of all analyst targets is GBX 6.13 with a 10.74% above today’s (GBX 374.05) stock price. BP PLC was the topic of 93 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. AlphaValue maintained shares on December 3 with “Add” rating. Credit Suisse maintained shares with “Underperform” rating and GBX 365 target share price in a report from a November 24. Barclays Capital maintained BP stock in a recent report from December 1 with “Overweight” rating. Oddo & Cie maintained the rating on November 16. Oddo & Cie has a “Neutral” rating and a GBX 390 price target on shares. Finally, Santander maintained the stock with “Hold” rating in a report issued on a November 24.

Approximately 6.99 million shares of stock traded hands. BP plc (LON:BP) has declined 19.37% since May 7, 2015 and is downtrending. It has underperformed by 16.59% the S&P500.

London: BP (LON:BP) Stock Has Just Had Its Neutral Rating Reiterated by Macquarie. Shares now Have a GBX 350 Target

BP p.l.c. is an integrated oil and gas company. The company has a market cap of 65.32 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).