BP plc (LON:BP) Receives GBX 647.14 Average PT from Brokerages

BP plc (LON:BP) has received an average rating of “Buy” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 646.92 ($8.45).

Several research firms recently commented on BP. Societe Generale reduced their price objective on shares of BP from GBX 650 ($8.49) to GBX 635 ($8.30) and set a “buy” rating for the company in a research note on Thursday, May 2nd. Sanford C. Bernstein boosted their price objective on shares of BP from GBX 700 ($9.15) to GBX 710 ($9.28) and gave the stock an “outperform” rating in a research note on Monday, August 5th. Royal Bank of Canada reiterated an “outperform” rating on shares of BP in a research note on Wednesday, July 31st. HSBC set a GBX 645 ($8.43) price objective on shares of BP and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Kepler Capital Markets set a GBX 680 ($8.89) price objective on shares of BP and gave the stock a “buy” rating in a research note on Thursday, June 27th.

Shares of LON BP traded up GBX 0.50 ($0.01) during trading hours on Tuesday, hitting GBX 490.20 ($6.41). 28,282,483 shares of the stock were exchanged, compared to its average volume of 35,510,000. The company has a quick ratio of 0.69, a current ratio of 1.07 and a debt-to-equity ratio of 87.42. The company has a market cap of $99.93 billion and a PE ratio of 11.19. The firm has a fifty day moving average price of GBX 528.22 and a 200-day moving average price of GBX 543.14. BP has a 12 month low of GBX 5.08 ($0.07) and a 12 month high of GBX 603.20 ($7.88).

The business also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 8th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, August 8th. This represents a yield of 1.59%. BP’s payout ratio is 0.78%.

In related news, insider Brian Gilvary purchased 58 shares of the business’s stock in a transaction on Monday, June 10th. The shares were acquired at an average price of GBX 552 ($7.21) per share, for a total transaction of £320.16 ($418.35). Insiders have acquired a total of 179 shares of company stock worth $95,373 in the last 90 days.

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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