BP plc (ADR) (NYSE:BP) gets upgraded to Overweight by Morgan Stanley

By Market Exclusive

Analyst Ratings For BP plc (ADR) (NYSE:BP)

Today, BP plc (ADR) (NYSE:BP) stock received an upgrade by Morgan Stanley from Equal Weight to Overweight.

There are 8 Buy Ratings, 4 Hold Ratings, 2 Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on BP plc (ADR) (NYSE:BP) is Buy with a consensus target price of $46.5167 per share, a potential 8.89% upside.

Some recent analyst ratings include

  • 9/5/2018-BP plc (ADR) (NYSE:BP) gets upgraded to Overweight by Morgan Stanley
  • 8/31/2018-BP plc (ADR) (NYSE:BP) gets upgraded to Hold by Santander
  • 8/9/2018-BP plc (ADR) (NYSE:BP) gets upgraded to Conviction-Buy by Goldman Sachs Group
  • 7/9/2018-BP plc (ADR) (NYSE:BP) gets upgraded to Top Pick by Royal Bank of Canada
  • 4/26/2018-BP plc (ADR) (NYSE:BP) gets upgraded to Neutral by Macquarie
  • 4/9/2018-BP plc (ADR) (NYSE:BP) had its Buy rating reiterated by Scotiabank with a $47.00 price target

About BP plc (ADR) (NYSE:BP)
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs). This segment also engages in the ownership and management of crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as in NGLs processing business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemical products and related services to wholesale and retail customers. It offers gasoline, diesel, and aviation fuel; lubricants, and related products and services to the automotive, industrial, marine, and energy markets under the Castrol, BP, and Aral brands; and petrochemical products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemical products. The Rosneft segment engages in the exploration and production of hydrocarbons, as well as jet fuel, bunkering, bitumen, and lubricants activities. This segment also owns and operates 13 refineries in Russia; and approximately 2,960 retail service stations in Russia and internationally. The company also produces ethanol, bio-isobutanol, bio-power, and solar energy; transports hydrocarbon products through time-chartered and spot-chartered vessels; and holds interests in 14 onshore wind sites with a generation capacity of 1,432 megawatts through wind. BP p.l.c. was founded in 1889 and is headquartered in London, the United Kingdom.

Recent Trading Activity for BP plc (ADR) (NYSE:BP)
Shares of BP plc (ADR) closed the previous trading session at 42.72 −0.16 0.37% with shares trading hands.

This article provided by NewsEdge.