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BP plc 15.3% Potential Upside Indicated by JP Morgan Cazenove

BP plc using EPIC/TICKER code (LON:BP) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. BP plc are listed in the Oil & Gas sector within UK Main Market. JP Morgan Cazenove have set a target price of 560 GBX on its stock. This is indicating the analyst believes there is a potential upside of 15.3% from the opening price of 485.55 GBX. Over the last 30 and 90 trading days the company share price has decreased 41.85 points and decreased 33.05 points respectively. The 1 year high share price is 536.2 GBX while the 52 week low is 436.95 GBX.

BP plc has a 50 day moving average of 513.98 GBX and the 200 Day Moving Average price is recorded at 481.41. There are currently 19,945,343,158 shares in issue with the average daily volume traded being 26,341,436. Market capitalisation for LON:BP is £96,116,607,461 GBP.