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Macquarie covered BP PLC (LON:BP), cutting its price target to 400.00GBX earlier today

Yesterday BP PLC (LON:BP) traded -0.76% lower at 458.13GBX. The company’s 50-day moving average is 449.35GBX and its 200-day moving average is 455.94GBX. The last closing price is up -1.69% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 48,923,130 shares of the stock were exchanged, up from an average trading volume of 24,073,800

Indicating a possible downside of -0.13%, Macquarie reduced the stock price target of BP PLC (LON:BP) to 400.00GBX

Previously on 6/20/2017, Barclays Capital reported on BP PLC (LON:BP) held steady the target price at 625.00GBX. At the time, this indicated a possible upside of 0.33%.

See Chart Below

BP PLC (LON:BP)

BP PLC has a 52 week low of 411.60GBX and a 52 week high of 521.20GBX with a P/E ratio of 23.47 The company’s market cap is currently 0 GBX.

In addition to Macquarie reporting its target price, a total of 24 brokers have issued a report on the stock. The consensus target price 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.

General Information About 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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