BP plc (LON:BP) had its price objective reduced by investment analysts at HSBC from GBX 430 ($6.13) to GBX 405 ($5.77) in a research note issued on Monday, Market Beat Ratings reports. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. HSBC’s price target would suggest a potential upside of 13.60% from the company’s previous close.

Shares of BP plc (LON:BP) opened at 351.1500 on Monday. BP plc has a 12-month low of GBX 319.90 and a 12-month high of GBX 499.25. The stock’s market cap is GBX 64.44 billion. The company’s 50-day moving average is GBX 343.68 and its 200-day moving average is GBX 366.23.

In other BP plc news, insider Gilvary,Brian acquired 80 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were purchased at an average price of GBX 383 ($5.46) per share, with a total value of £306.40 ($436.53). Also, insider Sawers,John acquired 13,528 shares of the business’s stock in a transaction that occurred on Friday, December 4th. The shares were acquired at an average cost of GBX 369 ($5.26) per share, for a total transaction of £49,918.32 ($71,118.85).

BP has been the topic of a number of other reports. Bank of America set a GBX 340 ($4.84) price objective on shares of BP plc and gave the company a “sell” rating in a research note on Wednesday, December 9th. Nomura restated a “neutral” rating and issued a GBX 360 ($5.13) price target on shares of BP plc in a research report on Wednesday, November 11th. Goldman Sachs set a GBX 409 ($5.83) price target on shares of BP plc and gave the stock a “neutral” rating in a research report on Monday, January 11th. Sanford C. Bernstein restated an “outperform” rating and issued a GBX 450 ($6.41) price target on shares of BP plc in a research report on Wednesday, October 7th. Finally, Oddo & Cie restated a “neutral” rating and issued a GBX 390 ($5.56) price target on shares of BP plc in a research report on Monday, December 14th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 406.42 ($5.79).

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.

Receive News & Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related companies with MarketBeat.com's FREE daily email newsletter.