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BP plc 19.9% Potential Upside Indicated by HSBC

BP plc using EPIC/TICKER code (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 their target price at 655 GBX on its stock. This indicates the analyst now believes there is a potential upside of 19.9% from the opening price of 546.3 GBX. Over the last 30 and 90 trading days the company share price has decreased 9.2 points and decreased 28.6 points respectively. The 1 year high for the share price is 603.6 GBX while the 52 week low is 481.35 GBX.

BP plc has a 50 day moving average of 550.43 GBX and the 200 Day Moving Average price is recorded at 544.82. There are currently 20,387,117,077 shares in issue with the average daily volume traded being 34,259,661. Market capitalisation for LON:BP is £111,231,816,571 GBP.