BP plc 14% Potential Decrease Indicated by Morgan Stanley

Broker Ratings

BP plc using EPIC/TICKER code (LON:BP) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at Morgan Stanley. BP plc are listed in the Oil & Gas sector within UK Main Market. Morgan Stanley have set their target price at 260 GBX on its stock. This indicates the analyst believes there is a potential downside of -14.0% from today’s opening price of 302.25 GBX. Over the last 30 and 90 trading days the company share price has increased 2.55 points and decreased 159.2 points respectively. The 1 year high stock price is 565.8 GBX while the year low stock price is currently 222.9 GBX.

BP plc has a 50 day moving average of 321.24 GBX and a 200 day moving average of 451.23. There are currently 20,259,507,373 shares in issue with the average daily volume traded being 59,911,459. Market capitalisation for LON:BP is £60,937,662,105 GBP.

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