BP plc (ADR) (NYSE:BP) has been upgraded to Outperform in a report by Credit Suisse Group AG today.
- Updated: November 30, 2016
Credit Suisse Group AG has upgraded BP plc (ADR) (NYSE:BP) to Outperform in a statement released on Wednesday November 30, 2016.
Previously on 1/26/2016, Goldman Sachs reported about BP plc (ADR) (NYSE:BP) reduced the target price from $37.00 to $35.00. At the time, this indicated a possible upside of 0.16%.
Just yesterday BP plc (ADR) (NYSE:BP) traded 4.75% higher at $35.10. BP’s 50-day average is $34.77 and its two hundred day average is $34.13. With the last close up 2.89% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the date range. Volume of trade was up over the average, with 9,207,741 shares of BP changing hands over the typical 5,435,230
With a total market value of $0, BP plc (ADR) has with a one year low of $27.01 and a one year high of $37.28 .
In addition to Credit Suisse Group AG reporting its stock price target, a total of 10 brokers have issued a report on the company. The average stock price target is $34.90 with four analysts rating the company a strong buy, one equity analyst rating the company a buy, six equity analysts rating the company a hold, one equity analyst rating the company a underperform, and lastly 0 firms rating the stock a sell.
General Information About BP plc (ADR) (NYSE:BP)
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft. Its Upstream segment is engaged in oil and natural gas exploration, field development and production; midstream transportation, storage and processing, and the marketing and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs). Its Downstream segment is engaged in refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. Rosneft is an oil company, which has a resource base of hydrocarbons onshore and offshore.
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