BP p.l.c. (BP) Receives Price Target

BP p.l.c. (BP) : The most positive equity analysts on BP p.l.c. (BP) expects the shares to touch $46, whereas, the least positive believes that the stock will trade at $32 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $38.43 with an expected fluctuation of $5.13 from the mean.

BP p.l.c. (BP) : Zacks Investment Research ranks BP p.l.c. (BP) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.44, which indicates as a Buy.


Also, Jefferies maintains its view on BP p.l.c. (NYSE:BP) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies raises the price target from $31 per share to $33 per share on BP p.l.c.. The rating by the firm was issued on July 11, 2016.

BP p.l.c. (NYSE:BP): The stock opened at $33.81 on Thursday but the bulls could not build on the opening and the stock topped out at $33.83 for the day. The stock traded down to $33.43 during the day, due to lack of any buying support eventually closed down at $33.66 with a loss of -0.59% for the day. The stock had closed at $33.86 on the previous day. The total traded volume was 3,742,424 shares.

BP p.l.c. (BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items, including paints, clothes and packaging. The Company operates in three business segments: Upstream, Downstream and Rosneft. The Upstream segments activities include oil and natural gas exploration, field development and production; midstream transportation, storage and processing, and the marketing and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs). The Companys Downstream segments activities include the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. BPs interest in Rosneft, an oil company in Russia, is reported as a separate operating segment.

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