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Citigroup announced BP plc BP (NYSE:BP), bumping up its stock price target to $31.00 today

Just yesterday BP plc BP (NYSE:BP) traded 0.03% higher at $34.19. BP’s 50-day average is $34.30 and its 200-day moving average is $35.24. The last stock close price is down -3.10% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 5,685,154 shares of the stock were exchanged, down from an average trading volume of 6,680,550

In a report released on Thursday April 20, 2017 Citigroup increased the stock price target of BP plc BP (NYSE:BP) to $31.00 reporting a possible downside of -0.09%.

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BP plc BP has a 52 week low of $30.66 and a 52 week high of $38.68 with a P/E ratio of 948.61 The company’s market cap is currently $0.

In addition to Citigroup reporting its target price, a total of 10 firms have reported on BP. The one year target is $34.90 with four equity 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 zero equity analysts rating the company a sell.

Brief Synopsis About BP plc BP (NYSE:BP)

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. The Downstream segment has global manufacturing and marketing operations. The Rosneft segment has a resource base of hydrocarbons onshore and offshore. The Other businesses and corporate segment comprises the biofuels and wind businesses, shipping and treasury functions, and corporate activities around the world. 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.

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