Sanford C. Bernstein Analysts Give BP (BP) a GBX 700 Price Target

BP (LON:BP) has been assigned a GBX 700 ($9.15) target price by Sanford C. Bernstein in a research report issued on Tuesday, February 5th. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Sanford C. Bernstein’s price objective points to a potential upside of 28.35% from the stock’s current price.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. set a GBX 650 ($8.49) target price on BP and gave the company a “buy” rating in a research report on Tuesday, October 30th. Credit Suisse Group set a GBX 665 ($8.69) price target on BP and gave the stock a “buy” rating in a report on Wednesday, October 17th. HSBC reiterated a “buy” rating on shares of BP in a report on Wednesday, October 17th. Berenberg Bank reiterated a “buy” rating and set a GBX 665 ($8.69) price target on shares of BP in a report on Wednesday, October 10th. Finally, UBS Group reiterated a “buy” rating and set a GBX 610 ($7.97) price target on shares of BP in a report on Friday, October 26th. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 652.35 ($8.52).

LON:BP opened at GBX 545.40 ($7.13) on Tuesday. BP has a 52-week low of GBX 436.95 ($5.71) and a 52-week high of GBX 536.20 ($7.01).

In other news, insider Brian Gilvary acquired 58 shares of BP stock in a transaction dated Monday, February 11th. The stock was bought at an average price of GBX 544 ($7.11) per share, for a total transaction of £315.52 ($412.28). Also, insider Helge Lund acquired 600,000 shares of BP stock in a transaction dated Thursday, December 20th. The shares were purchased at an average price of GBX 493 ($6.44) per share, with a total value of £2,958,000 ($3,865,150.92). In the last 90 days, insiders have bought 600,181 shares of company stock valued at $295,895,377.

About BP

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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Analyst Recommendations for BP (LON:BP)

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