UBS AG set a GBX 525 ($6.84) target price on BP plc (LON:BP) in a report released on Thursday morning, www.boersen-zeitung.de reports. The firm currently has a buy rating on the oil and gas exploration company’s stock.
Several other research analysts have also issued reports on BP. HSBC Holdings plc restated a buy rating and set a GBX 565 ($7.36) price target on shares of BP plc in a report on Thursday, April 13th. Barclays PLC restated an overweight rating and set a GBX 625 ($8.14) price target on shares of BP plc in a report on Thursday, April 13th. Deutsche Bank AG restated a buy rating and set a GBX 505 ($6.58) price target on shares of BP plc in a report on Wednesday, May 3rd. J P Morgan Chase & Co set a GBX 530 ($6.90) price target on shares of BP plc and gave the stock a buy rating in a report on Wednesday, July 5th. Finally, Canaccord Genuity restated a buy rating and set a GBX 525 ($6.84) price target on shares of BP plc in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. BP plc currently has a consensus rating of Hold and a consensus price target of GBX 506.50 ($6.60).
BP plc (LON:BP) opened at 447.75 on Thursday. The company’s 50-day moving average is GBX 451.14 and its 200-day moving average is GBX 459.16. BP plc has a one year low of GBX 411.60 and a one year high of GBX 521.20. The firm’s market cap is GBX 88.38 billion.
COPYRIGHT VIOLATION NOTICE: This news story was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://transcriptdaily.com/2017/08/13/ubs-ag-analysts-give-bp-plc-lonbp-a-gbx-525-price-target.html.
The business also recently declared a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 10th will be issued a $0.10 dividend. This represents a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, August 10th.
In related news, insider Brian Gilvary purchased 68 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were bought at an average cost of GBX 468 ($6.09) per share, with a total value of £318.24 ($414.43).
BP plc Company Profile
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.
Receive News & Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related companies with MarketBeat.com's FREE daily email newsletter.