BP’s (BP) Overweight Rating Reaffirmed at Barclays

BP (LON:BP)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays in a report issued on Tuesday.

Several other research analysts have also recently issued reports on the stock. BNP Paribas reissued an “outperform” rating and set a GBX 700 ($9.15) price target on shares of BP in a report on Thursday, October 4th. Goldman Sachs Group set a GBX 730 ($9.54) price target on shares of BP and gave the stock a “buy” rating in a report on Monday, October 1st. Kepler Capital Markets reissued a “buy” rating on shares of BP in a report on Wednesday, July 4th. Royal Bank of Canada set a GBX 700 ($9.15) price target on shares of BP and gave the stock a “buy” rating in a report on Monday, October 8th. Finally, JPMorgan Chase & Co. set a GBX 650 ($8.49) price target on shares of BP and gave the stock a “buy” rating in a report on Monday, July 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. BP has an average rating of “Buy” and an average price target of GBX 631.90 ($8.26).

Shares of LON:BP traded up GBX 10.80 ($0.14) on Tuesday, reaching GBX 546 ($7.13). The company’s stock had a trading volume of 47,089,544 shares, compared to its average volume of 35,510,000. BP has a 52-week low of GBX 436.95 ($5.71) and a 52-week high of GBX 536.20 ($7.01).

In related news, insider Brian Gilvary bought 58 shares of the stock in a transaction on Monday, September 10th. The shares were bought at an average cost of GBX 537 ($7.02) per share, for a total transaction of £311.46 ($406.98). Insiders have acquired 169 shares of company stock worth $94,545 over the last 90 days.

BP Company Profile

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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