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BP plc 12.5% Potential Upside Indicated by HSBC

BP plc with EPIC/TICKER (LON:BP) has 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 655 GBX on its stock. This indicates the analyst now believes there is a potential upside of 12.5% from today’s opening price of 582.3 GBX. Over the last 30 and 90 trading days the company share price has increased 9 points and increased 81.5 points respectively. The 1 year high for the stock price is 593.5 GBX while the 52 week low is 436.95 GBX.

BP plc has a 50 day moving average of 579.67 GBX and a 200 day moving average of 521.43. There are currently 19,987,623,936 shares in issue with the average daily volume traded being 41,205,673. Market capitalisation for LON:BP is £114,938,957,993 GBP.