Deutsche Bank reiterated BP PLC (LON:BP) to Hold in a report released today.
- Updated: February 12, 2017
Deutsche Bank has reiterated BP PLC (LON:BP) to Hold in a report released on 2/9/2017.
Previously on 02/08/2017, Credit Suisse released a statement about BP PLC (LON:BP) reduced the target price from 530.00GBX to 510.00GBX. At the time, this indicated a possible upside of 0.12%.
Just yesterday BP PLC (LON:BP) traded 0.20% higher at 456.00GBX. BP PLC’s 50-day moving average is 495.32GBX and its 200-day moving average is 462.69GBX. The last stock price is down -0.83% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. 49,022,997 shares of BP traded hands, up from an average trading volume of 28,582,700
Recent Performance Chart
BP PLC has 52 week low of 249.44GBX and a 52 week high of 521.20GBX with a PE ratio of 764.72 and has a market capitalization of 0 GBX.
In addition to Deutsche Bank reporting its stock price target, a total of 24 brokerages have issued a ratings update on the company. The average stock price target is 5.63GBX with 4 brokerages rating the stock a strong buy, 8 brokerages rating the stock a buy, 14 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages 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 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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