BP plc (LON:BP) has been assigned a consensus rating of “Buy” from the eighteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 651.47 ($8.51).
A number of brokerages recently issued reports on BP. Jefferies Financial Group reduced their price target on BP from GBX 610 ($7.97) to GBX 555 ($7.25) and set a “hold” rating on the stock in a research report on Tuesday, April 9th. Deutsche Bank set a GBX 615 ($8.04) price target on BP and gave the stock a “buy” rating in a research report on Tuesday, April 9th. HSBC reduced their price target on BP from GBX 660 ($8.62) to GBX 650 ($8.49) and set a “buy” rating on the stock in a research report on Wednesday, April 10th. JPMorgan Chase & Co. increased their price target on BP from GBX 600 ($7.84) to GBX 625 ($8.17) and gave the stock an “overweight” rating in a research report on Friday. Finally, Barclays reissued an “overweight” rating and set a GBX 700 ($9.15) price target on shares of BP in a research report on Thursday, April 4th.
In other BP news, insider Brian Gilvary bought 58 shares of the business’s stock in a transaction on Monday, March 11th. The stock was purchased at an average cost of GBX 534 ($6.98) per share, for a total transaction of £309.72 ($404.70).
Shares of BP stock traded down GBX 0.70 ($0.01) on Wednesday, hitting GBX 569.90 ($7.45). The stock had a trading volume of 16,608,156 shares, compared to its average volume of 35,510,000. BP has a twelve month low of GBX 481.35 ($6.29) and a twelve month high of GBX 603.20 ($7.88). The company has a current ratio of 1.05, a quick ratio of 0.71 and a debt-to-equity ratio of 79.22. The company has a market capitalization of $115.03 billion and a price-to-earnings ratio of 12.20.
The firm also recently announced a dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, February 14th were paid a dividend of $0.10 per share. This represents a yield of 1.51%. The ex-dividend date was Thursday, February 14th. BP’s payout ratio is presently 0.66%.
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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