BP (LON:BP – Get Free Report)‘s stock had its “hold” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 490 ($6.13) target price on the oil and gas exploration company’s stock. Berenberg Bank’s price target indicates a potential downside of 6.51% from the stock’s current price.
BP has been the subject of a number of other research reports. Barclays reiterated an “overweight” rating and set a GBX 1,000 ($12.51) target price on shares of BP in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of BP from GBX 570 ($7.13) to GBX 530 ($6.63) in a research report on Wednesday, July 19th. Finally, HSBC lifted their target price on shares of BP from GBX 515 ($6.44) to GBX 555 ($6.95) in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, BP presently has an average rating of “Moderate Buy” and a consensus price target of GBX 610.11 ($7.63).
BP Stock Up 3.1 %
Insider Transactions at BP
In other news, insider Murray Auchincloss acquired 83 shares of the business’s stock in a transaction on Monday, July 10th. The shares were purchased at an average price of GBX 454 ($5.68) per share, for a total transaction of £376.82 ($471.56). In other news, insider Bernard Looney purchased 63 shares of the stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of GBX 493 ($6.17) per share, for a total transaction of £310.59 ($388.67). Also, insider Murray Auchincloss purchased 83 shares of the company’s stock in a transaction on Monday, July 10th. The stock was purchased at an average price of GBX 454 ($5.68) per share, for a total transaction of £376.82 ($471.56). Over the last ninety days, insiders have acquired 219 shares of company stock valued at $106,482. 0.25% of the stock is currently owned by insiders.
BP Company Profile
BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.
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