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Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 510.40
Bid: 509.40
Ask: 509.50
Change: -5.40 (-1.05%)
Spread: 0.10 (0.02%)
Open: 516.30
High: 516.60
Low: 506.10
Prev. Close: 515.80
BP. Live PriceLast checked at -

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MARKET TALK: HansonWesthouse Upgrades BP To Buy

Thu, 17th Jun 2010 10:32

0932 GMT [Dow Jones] HansonWesthouse upgrades BP (BP) to buy from hold after the company dealt with near-term uncertainty over the cost of the Gulf of Mexico oil spill. The establishment of a $20 billion oil spill fund, "will alleviate much of the political pressure that has been building in the US. While Tony Hayward must still face Congressional hearings later today [Thursday] he does so in a better position than he would have done earlier in the week," HansonWesthouse says. "The cancellation of the dividend is regrettable, the shares now appear to be undervalued in the short-to-medium term," it adds. [no price target]. Shares +7.7% at 363p. (james.herron@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires June 17, 2010 05:32 ET (09:32 GMT)
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