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BP plc 21.9% 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’ this morning by analysts at HSBC. BP plc are listed in the Oil & Gas sector within UK Main Market. HSBC have set a target price of 630 GBX on its stock. This now indicates the analyst believes there is a possible upside of 21.9% from the opening price of 516.7 GBX. Over the last 30 and 90 trading days the company share price has increased 8.1 points and decreased 41 points respectively. The 1 year high for the stock price is 603.6 GBX while the year low share price is currently 452.5 GBX.

BP plc has a 50 day moving average of 523.96 GBX and the 200 Day Moving Average price is recorded at 554.68. There are currently 20,260,732,488 shares in issue with the average daily volume traded being 38,835,883. Market capitalisation for LON:BP is £103,625,392,118 GBP.

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