BP p.l.c. (LON:BP) Receives GBX 628.57 Consensus PT from Brokerages

Shares of BP p.l.c. (LON:BPGet Free Report) have been given an average rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 628.57 ($8.03).

A number of research firms recently commented on BP. Berenberg Bank reiterated a “hold” rating and set a GBX 510 ($6.51) price objective on shares of BP in a research note on Friday, May 10th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of BP in a research note on Tuesday, February 20th. AlphaValue cut shares of BP to a “reduce” rating in a research report on Monday, February 12th. Barclays restated an “overweight” rating and set a GBX 1,000 ($12.77) price objective on shares of BP in a research report on Monday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating on shares of BP in a research note on Tuesday, May 14th.

Read Our Latest Analysis on BP

Insider Buying and Selling

In related news, insider Murray Auchincloss acquired 72 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were purchased at an average cost of GBX 517 ($6.60) per share, with a total value of £372.24 ($475.40). In the last ninety days, insiders acquired 82 shares of company stock valued at $42,104. Corporate insiders own 0.28% of the company’s stock.

BP Stock Performance

BP stock opened at GBX 485.25 ($6.20) on Tuesday. The company has a market capitalization of £81.13 billion, a P/E ratio of 1,137.44, a PEG ratio of 0.35 and a beta of 0.54. The company has a 50-day simple moving average of GBX 506.17 and a 200 day simple moving average of GBX 481.93. BP has a fifty-two week low of GBX 441.05 ($5.63) and a fifty-two week high of GBX 562.30 ($7.18). The company has a quick ratio of 0.62, a current ratio of 1.23 and a debt-to-equity ratio of 75.43.

BP Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 16th will be given a $0.07 dividend. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 1.14%. BP’s dividend payout ratio (DPR) is presently 5,348.84%.

BP Company Profile

(Get Free Report

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.

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Analyst Recommendations for BP (LON:BP)

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