BP Plc shares: Target 450 - Spread Betting

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BP Plc shares: Target 450

Written by Sam Coventry

Wednesday, 20 October 2010 09:59

Barclays today maintain their positive rating on BP and set 450p a share as a target price.

BP Plc (LON:BP) shares have been set a target share price of 450p a share by the equity analyst team at Barclays Capital.

Barclays have maintained their 'underweight/positive' rating on the stock.

The 450p target share price falls in line with the current target RBS have on the stock.

RBS made the call on the 11th of October.

Markets today

Weakness in energy stocks dragged Britain's leading shares lower in early trade on Wednesday, offsetting strength in miners ahead of the British government's spending review due at 1130 GMT.

By 0810 GMT, the FTSE 100 index was down 11.44 points, or 0.2 percent, at 5,692.45, having closed 0.7 percent lower at 5,703.89 on Tuesday.

Energy stocks were the biggest drag on the index after crude oil fell over 4 percent in the previous session following China's surprise announcement of its first interest rate rise since 2007, a move designed to rein in a booming economy.

Oil majors BG Group and BP Plc shed 2.4 and 1.6 percent respectively.

Miners, however, found some support after sustaining heavy losses on Tuesday on the back of China's rate rise.

Last Updated on Wednesday, 20 October 2010 10:01

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