BP (LON:BP) Rating
In a report made public on today, Barclays reconfirmed their Overweight rating on BP (LON:BP)’s stock. The target price per share gives a potential upside of 57.48% from company’s last stock close.
Out of 25 analysts covering BP PLC (LON:BP), 12 rate it “Buy”, 3 “Sell”, while 15 “Hold”. This means 40% are positive. GBX 7.74 is the highest target while GBX 4.43 is the lowest. The GBX 5.46 average target is 12.69% above today’s (GBX 351.95) stock price. BP PLC was the topic in 146 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on March 10 with “Overweight” rating. HSBC maintained it with “Buy” rating and GBX 405 target price in a February 23 report. Bernstein maintained the shares of BP in a report on March 8 with “Outperform” rating. Credit Suisse maintained the firm’s rating on February 5. Credit Suisse has “Underperform” rating and GBX 330 price target. Finally, Deutsche Bank maintained the stock with “Buy” rating in a February 23 report.
About 11.40 million shares traded hands. BP plc (LON:BP) has declined 6.44% since August 11, 2015 and is downtrending. It has underperformed by 1.47% the S&P500.
Analysts await BP plc (ADR) (NYSE:BP) to reports earnings on April, 26. They expect $-0.25 EPS, down 129.41% or $1.10 from last year’s $0.85 per share. After $0.06 actual EPS reported by BP plc (ADR) for the previous quarter, Wall Street now forecasts -516.67% negative EPS growth.
BP p.l.c. is an integrated oil and gas company. The company has a market cap of 65.06 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.”
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