Other equities research analysts have also issued research reports about the stock. Deutsche Bank AG upped their target price on shares of BP plc from GBX 505 ($6.52) to GBX 520 ($6.72) and gave the stock a buy rating in a report on Monday, September 4th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 530 ($6.84) target price on shares of BP plc in a report on Friday, September 1st. J P Morgan Chase & Co set a GBX 530 ($6.84) target price on shares of BP plc and gave the stock a buy rating in a report on Wednesday, July 5th. Barclays PLC reaffirmed an overweight rating and set a GBX 625 ($8.07) target price on shares of BP plc in a report on Tuesday, June 20th. Finally, Jefferies Group LLC set a GBX 470 ($6.07) target price on shares of BP plc and gave the stock a neutral rating in a report on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 506.73 ($6.54).
Shares of BP plc (LON:BP) traded down 0.76% during mid-day trading on Friday, reaching GBX 448.25. The company’s stock had a trading volume of 48,923,130 shares. The firm’s market cap is GBX 88.25 billion. The company’s 50-day moving average is GBX 449.35 and its 200 day moving average is GBX 455.94. BP plc has a 12 month low of GBX 411.60 and a 12 month high of GBX 521.20.
The business also recently announced a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 10th will be given a $0.10 dividend. The ex-dividend date is Thursday, August 10th. This represents a yield of 1.64%.
In related news, insider Brian Gilvary bought 68 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were bought at an average price of GBX 469 ($6.06) per share, with a total value of £318.92 ($411.88). Insiders acquired 208 shares of company stock worth $94,192 in the last ninety days.
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.
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