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BP plc 13% Potential Upside Indicated by HSBC

Broker Ratings
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BP plc using EPIC/TICKER code (LON:BP) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. BP plc are listed in the Oil & Gas sector within UK Main Market. HSBC have set their target price at 650 GBX on its stock. This would imply the analyst believes there is now a potential upside of 13.0% from the opening price of 575 GBX. Over the last 30 and 90 trading days the company share price has increased 39.4 points and increased 52.9 points respectively. The 52 week high share price is 603.6 GBX while the 52 week low for the stock is 481.35 GBX.

BP plc has a 50 day moving average of 548.69 GBX and a 200 Day Moving Average share price is recorded at 548.98. There are currently 20,345,694,052 shares in issue with the average daily volume traded being 35,555,245. Market capitalisation for LON:BP is £116,848,806,714 GBP.

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