Key Analysts at Bernstein Didn’t Change their ‘”Outperform”’ rating for BP (LON:BP) Shares Today. Their PT Given is GBX 450


BP (LON:BP) Rating Reaffirmed

The broker has just set a target price per share of GBX 450 on BP (LON:BP) shares. This is 29.78% from the stock close price. In analysts report distributed on Wednesday, 9 December, Bernstein reaffirmed their “Outperform” 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 9.07 while the lowest target price is GBX 4.91. The mean of all analyst targets is GBX 6.24 with a 19.60% above today’s (GBX 349) stock price. BP PLC was the topic of 98 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 7 with “Buy” rating. AlphaValue maintained shares with “Add” rating and GBX 433 target share price in a report from a December 3. Deutsche Bank maintained BP stock in a recent report from December 7 with “Buy” rating. Bernstein maintained the rating on December 1. Bernstein has a “Outperform” rating and a GBX 450 price target on shares. Finally, Macquarie Research maintained the stock with “Neutral” rating in a report issued on a December 4.

Approximately 14.99M shares of stock traded hands. BP plc (LON:BP) has declined 23.74% since May 12, 2015 and is downtrending. It has underperformed by 22.94% the S&P500.

Key Analysts at Bernstein Didn't Change their ‘

BP p.l.c. is an integrated oil and gas company. The company has a market cap of 64.44 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).