Market Overview

After Reaching A 2-Year High, BP Receives Vetr Downgrade

Related BP
BP To Divest Egyptian Oilfields, Eyes Natural Gas Reserves
5 Costly Mistakes Drivers Make At The Gas Pump
U.S. Gulf of Mexico lease sale fetches tepid $124M in winning bids (Seeking Alpha)

The Vetr crowd on Thursday downgraded its rating BP plc (ADR) (NYSE: BP) from 4 stars (Buy), issued two days ago, to 3 stars (Hold). Crowd sentiment at the time of the downgrade was generally positive, with 60 percent of Vetr user ratings bullish.

After steady gain of over 10 percent over the course of September, share growth in BP during October has slowed. Since the start of the month, the stock has achieved some gains, pushing up 2.22 percent to reach the $39 mark for the first time in two years.

See how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average price target on BP is up at $39.68, which is above the average analyst price target of $36.16. Less than 2% of Vetr users are holding $BP in their watch-lists.

Latest Ratings for BP

Feb 2018Morgan StanleyDowngradesOverweightEqual-Weight
Feb 2018Societe GeneraleUpgradesHoldBuy
Sep 2017BMO CapitalUpgradesMarket PerformOutperform

View More Analyst Ratings for BP
View the Latest Analyst Ratings

Posted-In: VetrDowngrades Price Target Crowdsourcing Analyst Ratings General


Related Articles (BP)

View Comments and Join the Discussion!