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BP plc 27.7% Potential Upside Indicated by HSBC

BP plc using EPIC/TICKER code (LON:BP) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. BP plc are listed in the Oil & Gas sector within UK Main Market. HSBC have set a target price of 645 GBX on its stock. This is indicating the analyst believes there is a potential upside of 27.7% from today’s opening price of 505.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 41.2 points and decreased 25.8 points respectively. The 52 week high share price is 603.6 GBX while the 52 week low is 481.35 GBX.

BP plc has a 50 day moving average of 544.47 GBX and a 200 day moving average of 541.40. There are currently 3,745,486,731 shares in issue with the average daily volume traded being 38,726,165. Market capitalisation for LON:BP is £101,924,241,600 GBP.