BP plc (LON:BP) had its price objective reduced by Credit Suisse from GBX 365 ($5.25) to GBX 340 ($4.89) in a research report report published on Wednesday, MarketBeat Ratings reports. Credit Suisse currently has an underperform rating on the oil and gas exploration company’s stock.

BP plc (LON:BP) traded down 2.43% during midday trading on Wednesday, reaching GBX 366.95. The company had a trading volume of 54,869,712 shares. The stock’s 50 day moving average price is GBX 346.33 and its 200-day moving average price is GBX 364.96. BP plc has a one year low of GBX 319.90 and a one year high of GBX 499.25. The firm’s market capitalization is GBX 67.34 billion.

In other BP plc news, insider Sawers,John acquired 13,528 shares of the stock in a transaction dated Thursday, December 3rd. The stock was purchased at an average cost of GBX 369 ($5.31) per share, for a total transaction of £49,918.32 ($71,814.59). Also, insider Gilvary,Brian acquired 95 shares of the stock in a transaction dated Monday, January 11th. The stock was acquired at an average price of GBX 329 ($4.73) per share, with a total value of £312.55 ($449.65).

Other equities research analysts have also recently issued reports about the stock. AlphaValue restated an add rating and issued a GBX 417 ($6.00) price target on shares of BP plc in a report on Tuesday, October 20th. Deutsche Bank reiterated a buy rating and set a GBX 450 ($6.47) price objective on shares of BP plc in a report on Thursday, October 22nd. Canaccord Genuity reiterated a buy rating and set a GBX 430 ($6.19) price objective on shares of BP plc in a report on Tuesday, October 6th. JPMorgan Chase & Co. set a GBX 400 ($5.75) price objective on shares of BP plc and gave the company a buy rating in a report on Friday, October 2nd. Finally, HSBC reiterated a buy rating and set a GBX 410 ($5.90) price objective on shares of BP plc in a report on Thursday, October 15th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 403.50 ($5.80).

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, including paints, clothes and packaging. The Company operates in three business segments: Upstream, Downstream and Rosneft. The Upstream segment’s activities include oil and natural gas exploration, field development and production; midstream transportation, storage and processing, and the marketing and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs). The Company’s Downstream segment’s activities include the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. BP’s interest in Rosneft, an oil company in Russia, is reported as a separate operating segment.

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