The Goldman Sachs Group Analysts Give BP plc 9% Preferred Shares (LON:BP.B) a GBX 590 Price Target

BP plc 9% Preferred Shares (LON:BP.BGet Rating) has been assigned a GBX 590 ($7.37) target price by equities research analysts at The Goldman Sachs Group in a note issued to investors on Monday, Borsen Zeitung reports. The Goldman Sachs Group’s price objective points to a potential upside of 232.39% from the stock’s previous close.

A number of other research analysts have also commented on the company. Oddo Bhf set a GBX 410 ($5.12) price target on BP plc 9% Preferred Shares in a research report on Monday, January 31st. UBS Group set a GBX 470 ($5.87) target price on BP plc 9% Preferred Shares in a research report on Wednesday, May 4th. Royal Bank of Canada set a GBX 450 ($5.62) target price on BP plc 9% Preferred Shares in a research report on Tuesday, May 3rd. Berenberg Bank set a GBX 500 ($6.25) target price on BP plc 9% Preferred Shares in a research report on Thursday. Finally, JPMorgan Chase & Co. set a GBX 500 ($6.25) price target on BP plc 9% Preferred Shares in a research note on Tuesday, May 3rd.

BP.B traded down GBX 0.50 ($0.01) during midday trading on Monday, reaching GBX 177.50 ($2.22). 3,540 shares of the company’s stock traded hands, compared to its average volume of 4,139. The firm has a fifty day moving average price of GBX 174.66. The company has a market cap of ¬£35.51 billion and a PE ratio of 5.88. 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 52 week low of GBX 170.63 ($2.13) and a 52 week high of GBX 200 ($2.50).

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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