Barclays Reiterates “GBX 700” Price Target for BP plc 9% Preferred Shares (LON:BP.B)

BP plc 9% Preferred Shares (LON:BP.BGet Rating) has been assigned a GBX 700 ($8.74) price target by investment analysts at Barclays in a research note issued on Wednesday, Borsen Zeitung reports. Barclays‘s price target indicates a potential upside of 297.73% from the company’s previous close.

Several other research analysts have also weighed in on BP.B. Deutsche Bank Aktiengesellschaft set a GBX 455 ($5.68) price objective on shares of BP plc 9% Preferred Shares in a research note on Wednesday, February 9th. Berenberg Bank set a GBX 450 ($5.62) price objective on shares of BP plc 9% Preferred Shares in a research note on Monday, February 28th. JPMorgan Chase & Co. set a GBX 500 ($6.25) price objective on shares of BP plc 9% Preferred Shares in a research note on Tuesday. Deutsche Bank Rese… set a GBX 450 ($5.62) price objective on shares of BP plc 9% Preferred Shares in a research note on Wednesday, March 23rd. Finally, Oddo Bhf set a GBX 410 ($5.12) price objective on shares of BP plc 9% Preferred Shares in a research note on Monday, January 31st.

Shares of LON BP.B opened at GBX 176 ($2.20) on Wednesday. The company has a market cap of £35.21 billion and a price-to-earnings ratio of 5.91. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 77.17. BP plc 9% Preferred Shares has a 1 year low of GBX 170.63 ($2.13) and a 1 year high of GBX 200 ($2.50). The company has a 50-day simple moving average of GBX 174.55.

About BP plc 9% Preferred Shares (Get Rating)

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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