The Largest Oil & Energy Job Board

BP plc Receives “Hold” Rating from Deutsche Bank (BP)

Deutsche Bank reissued their hold rating on shares of BP plc (LON:BP) in a research report released on Thursday morning. Deutsche Bank currently has a GBX 500 ($7.80) price objective on the stock.

Deutsche Bank has also modified their ratings on a number of other energy stocks in the few days. The firm downgraded shares of Statoil ASA(ADR) from a buy rating to a hold rating. Also, Deutsche Bank downgraded shares of British Sky Broadcasting Group plc (ADR) to a hold rating. Finally, Deutsche Bank reiterated its buy rating on shares of Rio Tinto plc (ADR).

Shares of BP plc (LON:BP) opened at 417.75 on Thursday. BP plc has a 52-week low of GBX 405.35 and a 52-week high of GBX 526.80. The stock’s 50-day moving average is GBX 434.8 and its 200-day moving average is GBX 475.3. The company’s market cap is £76.496 billion.

Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a hold rating on shares of BP plc in a research note on Monday, November 24th. They now have a GBX 460 ($7.18) price target on the stock. Separately, analysts at Liberum Capital reiterated a hold rating on shares of BP plc in a research note on Friday, November 21st. They now have a GBX 455 ($7.10) price target on the stock. Finally, analysts at AlphaValue reiterated a reduce rating on shares of BP plc in a research note on Thursday, November 20th. They now have a GBX 439 ($6.85) price target on the stock. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 480.42 ($7.50).

NA
Copyright:
Ticker Report
Published on:
December 1, 2014
Source url:
http://tickerreport.com/banking-finance/359201/bp-plc-receives-hold-rating-from-deutsche-bank-bp/
Copyright © 2016, OilFinity. All Rights Reserved. Powered by Talenetic Job Board Software