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

Shares of BP p.l.c. (LON:BPGet Free Report) 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.

Read Our Latest Stock Analysis on BP

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

(Get Free Report

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.

Further Reading

Analyst Recommendations for BP (LON:BP)

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