Shares of BP plc (LON:BP) fell 2.3% during trading on Friday . The company traded as low as GBX 466.80 ($6.55) and last traded at GBX 470.05 ($6.59). 41,662,015 shares changed hands during trading, an increase of 46% from the average session volume of 28,560,000 shares. The stock had previously closed at GBX 481.10 ($6.75).
A number of research firms have recently commented on BP. Barclays restated an “overweight” rating and set a GBX 675 ($9.46) price objective on shares of BP in a report on Monday, November 13th. JPMorgan Chase & Co. set a GBX 560 ($7.85) price objective on BP and gave the stock a “buy” rating in a report on Monday, January 22nd. Jefferies Group restated a “hold” rating and set a GBX 500 ($7.01) price objective on shares of BP in a report on Wednesday, November 1st. UBS Group set a GBX 550 ($7.71) price objective on BP and gave the stock a “buy” rating in a report on Wednesday. Finally, Deutsche Bank set a GBX 565 ($7.92) price target on shares of BP and gave the stock a “buy” rating in a research report on Monday, January 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 548.75 ($7.69).
The stock has a market capitalization of $93,480.00 and a PE ratio of 3,917.08.
BP Company Profile
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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