London: BP PLC (LON:BP) Stock Has Just Had Its “Neutral” Rating Reiterated by Exane BNP Paribas. Shares now Have a GBX 340.00 Target


BP PLC (LON:BP) Rating Reaffirmed

In an analyst research report revealed on Friday morning, The “Neutral” rating of BP PLC (LON:BP) shares was reiterated at Exane BNP Paribas, who now has a GBX 340.00 PT on the stock. Exane BNP Paribas’s PT suggests a possible downside of -0.29% from the current stock price of the company.

From a total of 25 analysts covering BP PLC (LON:BP) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 9 while the lowest target price is GBX 4.87. The mean of all analyst targets is GBX 6.19 with a 21.75% above today’s (GBX 342.83) stock price. BP PLC was the topic of 101 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 15 with “Outperform” 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.

The stock increased 0.73% or GBX 2.48 on December 17, striking GBX 342.83. Approximately shares of stock traded hands. BP plc (LON:BP) has declined 25.69% since May 21, 2015 and is downtrending. It has underperformed by 23.42% the S&P500.

London: BP PLC (LON:BP) Stock Has Just Had Its

BP p.l.c. is an integrated oil and gas company. The company has a market cap of 62.46 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.”