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BP plc 41.8% Potential Upside Indicated by Goldman Sachs

BP plc using EPIC/TICKER code (LON:BP) has had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘CONVICTION BUY’ today by analysts at Goldman Sachs. BP plc are listed in the Oil & Gas sector within UK Main Market. Goldman Sachs have set a target price of 780 GBX on its stock. This would imply the analyst believes there is now a potential upside of 41.8% from the opening price of 550 GBX. Over the last 30 and 90 trading days the company share price has increased 29.2 points and increased 7.7 points respectively. The 1 year high share price is 603.6 GBX while the 52 week low for the share price is 452.5 GBX.

BP plc has a 50 day moving average of 519.61 GBX and a 200 day moving average of 554.83. There are currently 20,261,243,835 shares in issue with the average daily volume traded being 31,863,342. Market capitalisation for LON:BP is £112,124,312,891 GBP.