BP plc (LON:BP) Earns Overweight Rating from Barclays PLC

Barclays PLC reissued their overweight rating on shares of BP plc (LON:BP) in a research report released on Thursday. Barclays PLC currently has a GBX 675 ($8.81) price target on the oil and gas exploration company’s stock.

A number of other research firms have also recently commented on BP. Deutsche Bank AG set a GBX 515 ($6.72) target price on BP plc and gave the company a buy rating in a research note on Wednesday, May 24th. HSBC Holdings plc reissued a buy rating and issued a GBX 565 ($7.38) target price on shares of BP plc in a research note on Thursday, April 13th. Societe Generale reissued a buy rating and issued a GBX 580 ($7.57) target price on shares of BP plc in a research note on Tuesday, April 18th. Royal Bank Of Canada reissued a sector performer rating and issued a GBX 470 ($6.14) target price on shares of BP plc in a research note on Friday, June 2nd. Finally, Jefferies Group LLC reduced their target price on BP plc from GBX 500 ($6.53) to GBX 480 ($6.27) and set a hold rating on the stock in a research note on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 509.91 ($6.66).

Shares of BP plc (LON BP) opened at 447.10 on Thursday. BP plc has a 12-month low of GBX 408.63 and a 12-month high of GBX 521.20. The firm’s market cap is GBX 87.92 billion. The company’s 50 day moving average price is GBX 464.60 and its 200 day moving average price is GBX 470.39.

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The firm also recently announced a dividend, which was paid on Friday, June 23rd. Stockholders of record on Thursday, May 11th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, May 11th. This represents a dividend yield of 1.71%.

In other BP plc news, insider Brian Gilvary bought 68 shares of the stock in a transaction dated Monday, June 12th. The stock was purchased at an average cost of GBX 468 ($6.11) per share, for a total transaction of £318.24 ($415.57). Insiders have bought 206 shares of company stock valued at $93,912 over the last quarter.

About BP plc

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

Analyst Recommendations for BP plc (LON:BP)

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