BP (BP) Given Buy Rating at Citigroup

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BP (LON:BP)‘s stock had its “buy” rating restated by Citigroup in a research note issued on Thursday.

A number of other equities analysts also recently issued reports on the company. Goldman Sachs Group set a GBX 700 ($9.32) price target on BP and gave the company a “buy” rating in a report on Wednesday. Barclays reaffirmed an “overweight” rating and issued a GBX 690 ($9.19) price target on shares of BP in a report on Tuesday, June 12th. JPMorgan Chase & Co. set a GBX 600 ($7.99) price target on BP and gave the company a “buy” rating in a report on Monday, June 11th. Jefferies Financial Group upped their price target on BP from GBX 520 ($6.92) to GBX 610 ($8.12) and gave the company a “hold” rating in a report on Monday, June 11th. Finally, Deutsche Bank set a GBX 580 ($7.72) price target on BP and gave the company a “buy” rating in a report on Thursday, June 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 582.25 ($7.75).

Shares of BP opened at GBX 564.40 ($7.51) on Thursday, according to MarketBeat. BP has a 52-week low of GBX 436.95 ($5.82) and a 52-week high of GBX 536.20 ($7.14).

In related news, insider Brian Gilvary purchased 55 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The stock was purchased at an average cost of GBX 572 ($7.62) per share, with a total value of £314.60 ($418.85). Over the last ninety days, insiders have purchased 173 shares of company stock valued at $94,522.

About BP

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

Analyst Recommendations for BP (LON:BP)

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