BP PLC (LON:BP) has been reiterated to Neutral in a report by Goldman Sachs today.
- Updated: November 27, 2016
Goldman Sachs has reiterated BP PLC (LON:BP) to Neutral in a report released on 11/28/2016.
Previously on Wednesday March 09, 2016, Exane BNP Paribas reported on BP PLC (LON:BP) increased the target price from 0.00GBX to 325.00GBX. At the time, this indicated a possible downside of -0.08%.
Just yesterday BP PLC (LON:BP) traded -1.54% lower at 457.25GBX. BP PLC’s 50-day moving average is 468.95GBX and its 200-day moving average is 427.19GBX. The last closing price is up 4.86% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 1,397,340 shares of BP traded hands, down from an average trading volume of 30,052,700
Recent Performance Chart
BP PLC has 52 week low of 249.44GBX and a 52 week high of 498.45GBX and has a market capitalization of 0 GBX.
In addition to Goldman Sachs reporting its stock price target, a total of 24 brokers have issued a research note on the company. The average stock price target is 5.63GBX with 4 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 14 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On BP PLC (LON: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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