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BP plc 22% Potential Upside Indicated by HSBC

BP plc with EPIC/TICKER (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 their target price at 565 GBX on its stock. This indicates the analyst now believes there is a potential upside of 22.0% from today’s opening price of 463.1 GBX. Over the last 30 and 90 trading days the company share price has decreased 7.14 points and increased 1.9 points respectively. The 1 year high for the share price is 521.2 GBX while the 52 week low for the stock is 355 GBX.

BP plc has a 50 day moving average of 465.78 GBX and the 200 Day Moving Average price is recorded at 470.84. There are currently 19,680,112,811 shares in issue with the average daily volume traded being 37,705,079. Market capitalisation for LON:BP is £91,561,724,853 GBP.

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