BP (LON:BP) Earns “Buy” Rating from UBS Group

BP (LON:BP)‘s stock had its “buy” rating reissued by equities research analysts at UBS Group in a research report issued on Tuesday, February 5th, www.boersen-zeitung.de reports. They presently have a GBX 610 ($7.97) price target on the oil and gas exploration company’s stock. UBS Group’s price objective suggests a potential upside of 14.45% from the stock’s previous close.

A number of other research firms also recently issued reports on BP. Goldman Sachs Group set a GBX 760 ($9.93) price target on shares of BP and gave the company a “buy” rating in a research report on Monday, January 14th. Royal Bank of Canada reissued a “top pick” rating and set a GBX 625 ($8.17) price objective on shares of BP in a research note on Friday, February 1st. Deutsche Bank lowered their price objective on shares of BP from GBX 620 ($8.10) to GBX 590 ($7.71) and set a “buy” rating for the company in a research note on Monday, December 10th. Raymond James raised shares of BP to an “outperform” rating in a research note on Tuesday, November 20th. Finally, Barclays reissued an “overweight” rating and set a GBX 705 ($9.21) price objective on shares of BP in a research note on Monday, October 8th. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 652.35 ($8.52).

Shares of LON BP traded down GBX 1.40 ($0.02) during midday trading on Tuesday, reaching GBX 533 ($6.96). 37,842,476 shares of the company were exchanged, compared to its average volume of 35,510,000. BP has a 1 year low of GBX 436.95 ($5.71) and a 1 year high of GBX 536.20 ($7.01).

In other BP news, insider Helge Lund purchased 600,000 shares of the company’s stock in a transaction dated Thursday, December 20th. The shares were bought at an average price of GBX 493 ($6.44) per share, for a total transaction of £2,958,000 ($3,865,150.92). Also, insider Brian Gilvary purchased 58 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were acquired at an average price of GBX 544 ($7.11) per share, for a total transaction of £315.52 ($412.28). Over the last three months, insiders have purchased 600,181 shares of company stock valued at $295,895,377.

BP Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Analyst Recommendations for BP (LON:BP)

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