Deutsche Bank Analysts Give BP (LON:BP) a GBX 615 Price Target

Deutsche Bank set a GBX 615 ($8.04) price target on BP (LON:BP) in a research report released on Tuesday, April 9th, Borsen Zeitung reports. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group dropped their price target on BP from GBX 610 ($7.97) to GBX 555 ($7.25) and set a hold rating on the stock in a research report on Tuesday, April 9th. Barclays reissued an overweight rating and set a GBX 700 ($9.15) price target on shares of BP in a research report on Thursday, April 4th. Royal Bank of Canada set a GBX 625 ($8.17) price target on BP and gave the stock a buy rating in a research report on Tuesday, February 19th. HSBC increased their price target on BP from GBX 630 ($8.23) to GBX 660 ($8.62) and gave the stock a buy rating in a research report on Wednesday, February 13th. Finally, JPMorgan Chase & Co. increased their price target on BP from GBX 560 ($7.32) to GBX 600 ($7.84) and gave the stock an overweight rating in a research report on Monday, February 11th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of GBX 650.88 ($8.50).

BP stock traded up GBX 0.60 ($0.01) during mid-day trading on Tuesday, hitting GBX 548.10 ($7.16). The company’s stock had a trading volume of 23,509,405 shares, compared to its average volume of 35,510,000. The company has a market capitalization of $110.63 billion and a PE ratio of 11.74. The company has a quick ratio of 0.71, a current ratio of 1.05 and a debt-to-equity ratio of 79.22. BP has a one year low of GBX 481.35 ($6.29) and a one year high of GBX 603.20 ($7.88).

The business also recently disclosed a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 9th will be given a dividend of $0.10 per share. This represents a yield of 1.43%. The ex-dividend date is Thursday, May 9th. BP’s payout ratio is currently 0.66%.

In related news, insider Brian Gilvary acquired 58 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average price of GBX 534 ($6.98) per share, with a total value of £309.72 ($404.70).

BP Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Analyst Recommendations for BP (LON:BP)

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