BP (NYSE:BP) Upgrade

BP (NYSE:BP)’s Hold Rating is no longer valid. Equities researchers at Societe Generale raised BP’s rating to Buy.

The stock upgrade is welcomed by equity trades, as NYSE:BP is right now trading 0.68% higher at $40.05 as of 6:06 AM New York time. BP shares have [From2] 0% in the last 200 days, while the S&P500 Index has gained 6.00% for the same time period.

Out of 10 analysts covering BP, 5 rate it a Buy, 6 indicate a Hold while 1 suggest a Sell. The highest target is $43 and the lowest is $27 according to Thomson/First Call. The 12-month mean target is $34.9, which means downside potential of 12.86% over the current price.

BP (NYSE:BP) Profile

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.

BP (NYSE:BP) traded up 0.68% on 12 February, hitting $40.05. A total of 2.42 million shares of the company’s stock traded hands. This is down from average of 4.59 million shares. BP has a 52 week low of $33.10 and a 52 week high of $41.55. The company has a market cap of $132.00 billion and a P/E ratio of 34.11.

Get the latest BP (NYSE:BP) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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