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BP plc Receives “Buy” Rating from Canaccord Genuity (BP)

Canaccord Genuity reaffirmed their buy rating on shares of BP plc (LON:BP) in a research note issued to investors on Tuesday. The firm currently has a GBX 1,000 ($15.01) price target on the stock.

Canaccord Genuity has also updated their ratings on a number of other energy stocks in the last week. The firm downgraded shares of Akzo Nobel N.V. (ADR) to a hold rating. Also, Canaccord Genuity downgraded shares of Rogers Communications Inc. from a buy rating to a hold rating. Finally, Canaccord Genuity reiterated its hold rating on shares of Celestica Inc..

Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets reiterated a market perform rating and set a GBX 435 ($6.53) price target on shares of BP plc in a research note on Monday. Analysts at Sanford C. Bernstein reiterated a market perform rating and set a GBX 410 ($6.15) price target on shares of BP plc in a research note on Wednesday, January 21st. Analysts at Deutsche Bank reiterated a buy rating and set a GBX 480 ($7.20) price target on shares of BP plc in a research note on Monday, January 19th. Finally, analysts at Liberum Capital reiterated a hold rating and set a GBX 455 ($6.83) price target on shares of BP plc in a research note on Friday, January 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 497.49 ($7.47).

BP plc (LON:BP) opened at 434.60 on Tuesday. BP plc has a one year low of GBX 242.10 and a one year high of GBX 526.80. The stock’s 50-day moving average is GBX 406.2 and its 200-day moving average is GBX 446.0. The company’s market cap is £79.582 billion.

BP p.l.c. (LON:BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging.

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Published on:
January 27, 2015
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