BP Price Target Soars to £660 as Goldman Sachs Maintains Buy Rating

BP p.l.c., an energy giant, has received a Buy rating from Goldman Sachs analyst Michele Della Vigna. In his report, Della Vigna set a price target of £660.00 for the company.

Della Vigna covers the Energy sector and has a strong track record, with an average return of 7.5% and a 64.58% success rate on recommended stocks.

BP p.l.c.'s latest earnings release showed a quarterly revenue of £51.14 billion and a net profit of £3.76 billion for the quarter ending March 31. This is an improvement from last year's revenue of £46.91 billion and net profit of £687 million.

However, corporate insider sentiment on BP p.l.c. is negative due to an increase in insiders selling their shares over the past quarter.