BP (BP) PT Set at GBX 650 by Cfra

BP (LON:BP) has been assigned a GBX 650 ($8.49) price target by stock analysts at Cfra in a report issued on Wednesday, October 31st. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. Cfra’s target price suggests a potential upside of 24.07% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Goldman Sachs Group set a GBX 730 ($9.54) price objective on shares of BP and gave the stock a “buy” rating in a research report on Monday, October 1st. Barclays reiterated an “overweight” rating and set a GBX 705 ($9.21) price target on shares of BP in a research note on Monday, October 8th. UBS Group reiterated a “buy” rating and set a GBX 610 ($7.97) price target on shares of BP in a research note on Friday, July 27th. Kepler Capital Markets reiterated a “buy” rating on shares of BP in a research note on Wednesday, July 4th. Finally, Credit Suisse Group set a GBX 640 ($8.36) price target on shares of BP and gave the stock a “buy” rating in a research note on Monday, July 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 635.71 ($8.31).

LON:BP opened at GBX 523.90 ($6.85) on Wednesday. BP has a fifty-two week low of GBX 436.95 ($5.71) and a fifty-two week high of GBX 536.20 ($7.01).

In related news, insider Brian Gilvary purchased 58 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was purchased at an average price of GBX 537 ($7.02) per share, with a total value of £311.46 ($406.98).

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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