Analysts Set BP p.l.c. (LON:BP) Price Target at GBX 645

Shares of BP p.l.c. (LON:BP) have received an average recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 645 ($8.24).

BP has been the subject of several recent analyst reports. Morgan Stanley reiterated an “overweight” rating on shares of BP in a research note on Tuesday, May 14th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 650 ($8.30) price target on shares of BP in a report on Tuesday, June 18th. Bank of America restated a “neutral” rating and issued a GBX 500 ($6.38) price objective on shares of BP in a research note on Monday, April 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 550 ($7.02) target price on shares of BP in a report on Wednesday, July 31st. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 510 ($6.51) price objective on shares of BP in a research report on Monday, August 5th.

BP Stock Down 0.6 %

BP opened at GBX 437 ($5.58) on Friday. The company has a market capitalization of £73.07 billion, a PE ratio of 1,022.33, a price-to-earnings-growth ratio of 0.35 and a beta of 0.54. The business has a 50-day moving average of GBX 459.70 and a 200-day moving average of GBX 480.36. 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 debt-to-equity ratio of 75.43, a current ratio of 1.23 and a quick ratio of 0.62.

BP Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 8th will be given a $0.08 dividend. This represents a yield of 1.37%. This is a positive change from BP’s previous dividend of $0.07. The ex-dividend date of this dividend is Thursday, August 8th. BP’s dividend payout ratio (DPR) is presently 5,348.84%.

Insider Activity at BP

In other BP news, insider Murray Auchincloss purchased 87 shares of the stock in a transaction dated Monday, August 12th. The stock was bought at an average price of GBX 434 ($5.54) per share, for a total transaction of £377.58 ($482.10). In related news, insider Murray Auchincloss acquired 87 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of GBX 434 ($5.54) per share, with a total value of £377.58 ($482.10). Also, insider Hina Nagarajan acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was bought at an average price of GBX 460 ($5.87) per share, with a total value of £23,000 ($29,366.70). Insiders have bought a total of 10,099 shares of company stock worth $4,488,269 over the last 90 days. Insiders own 0.28% of the company’s stock.

BP Company Profile

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.