HSBC Kept Bp (LON:BP) As Buy; Has Price Target Of GBX 590.00; Troy Asset Management LTD Increased Pepsico (PEP) Holding

April 17, 2018 - By Nellie Frank

PepsiCo, Inc. (NASDAQ:PEP) Logo

Troy Asset Management Ltd increased Pepsico Inc (PEP) stake by 15.54% reported in 2017Q4 SEC filing. Troy Asset Management Ltd acquired 9,600 shares as Pepsico Inc (PEP)’s stock declined 9.24%. The Troy Asset Management Ltd holds 71,374 shares with $8.56M value, up from 61,774 last quarter. Pepsico Inc now has $154.32 billion valuation. The stock decreased 1.09% or $1.2 during the last trading session, reaching $108.72. About 3.10 million shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since April 17, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

HSBC have a GBX 590.00 target on the stock. The target means a potential upside of 18.78% from Bp (LON:BP)‘s previous close. This rating was revealed to investors in a research report on 17 April.

Analysts await BP p.l.c. (LON:BP) to report earnings on May, 1 before the open. They expect $0.70 EPS, up 52.17% or $0.24 from last year’s $0.46 per share. BP’s profit will be $139.57 million for 177.39 P/E if the $0.70 EPS becomes a reality. After $0.64 actual EPS reported by BP p.l.c. for the previous quarter, Wall Street now forecasts 9.37% EPS growth.

BP p.l.c. operates as an integrated gas and oil firm worldwide. The company has market cap of 99.03 billion GBP. It operates through three divisions: Upstream, Downstream, and Rosneft. It has a 29.05 P/E ratio. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of natural gas, including liquefied natural gas , and power and natural gas liquids (NGLs).

The stock increased 0.07% or GBX 0.35 during the last trading session, reaching GBX 496.7. About 24.28 million shares traded. BP p.l.c. (LON:BP) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Among 26 analysts covering BP PLC (LON:BP), 14 have Buy rating, 1 Sell and 11 Hold. Therefore 54% are positive. BP PLC has GBX 675 highest and GBX 325 lowest target. GBX 509.32’s average target is 2.54% above currents GBX 496.7 stock price. BP PLC had 414 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of BP p.l.c. (LON:BP) earned “Buy” rating by Deutsche Bank on Wednesday, July 5. The firm has “Buy” rating given on Wednesday, November 1 by HSBC. The firm has “Overweight” rating by Barclays Capital given on Wednesday, October 28. The firm earned “Sector Performer” rating on Wednesday, October 28 by RBC Capital Markets. The stock has “Overweight” rating by JP Morgan on Thursday, July 13. The rating was maintained by Credit Suisse on Friday, February 5 with “Underperform”. As per Thursday, May 19, the company rating was maintained by Deutsche Bank. The stock of BP p.l.c. (LON:BP) earned “Overweight” rating by JP Morgan on Thursday, March 8. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, August 16 report. The company was maintained on Friday, April 15 by BNP Paribas.

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 0 Sell and 14 Hold. Therefore 36% are positive. PepsiCo had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Neutral” rating by Goldman Sachs on Wednesday, June 29. The firm has “Buy” rating by Cowen & Co given on Thursday, August 10. JP Morgan initiated the stock with “Overweight” rating in Tuesday, March 21 report. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Hold” rating given on Tuesday, July 11 by BMO Capital Markets. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Hold” rating by RBC Capital Markets on Tuesday, September 5. The rating was maintained by Stifel Nicolaus on Friday, December 22 with “Hold”. The firm has “Hold” rating by Jefferies given on Thursday, January 4. Barclays Capital initiated the stock with “Equal Weight” rating in Monday, January 9 report. Credit Suisse initiated PepsiCo, Inc. (NASDAQ:PEP) rating on Friday, September 16. Credit Suisse has “Outperform” rating and $121 target. The company was upgraded on Wednesday, April 12 by Susquehanna.

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