Analysts Set BP p.l.c. (LON:BP) Target Price at GBX 626.25

BP p.l.c. (LON:BP) has been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 628.57 ($7.90).

A number of research firms recently issued reports on BP. Berenberg Bank dropped their target price on shares of BP from GBX 525 ($6.59) to GBX 510 ($6.41) and set a “hold” rating on the stock in a research report on Thursday, February 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BP in a report on Tuesday, February 20th. Barclays restated an “overweight” rating and issued a GBX 1,000 ($12.56) target price on shares of BP in a research note on Monday, April 8th. Bank of America reaffirmed a “neutral” rating and issued a GBX 500 ($6.28) target price on shares of BP in a research report on Monday, April 22nd. Finally, AlphaValue cut BP to a “reduce” rating in a research note on Monday, February 12th.

Insider Buying and Selling at BP

In related news, insider Murray Auchincloss acquired 72 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were acquired at an average price of GBX 517 ($6.49) per share, with a total value of £372.24 ($467.58). Insiders have acquired 82 shares of company stock valued at $41,974 in the last 90 days. 0.28% of the stock is currently owned by company insiders.

BP Stock Performance

LON:BP opened at GBX 510.40 ($6.41) on Friday. The stock’s 50-day moving average is GBX 499.23 and its 200-day moving average is GBX 484.14. The company has a current ratio of 1.21, a quick ratio of 0.62 and a debt-to-equity ratio of 73.78. BP has a 1-year low of GBX 441.05 ($5.54) and a 1-year high of GBX 562.30 ($7.06). The stock has a market cap of £85.65 billion, a P/E ratio of 750.59, a price-to-earnings-growth ratio of 0.35 and a beta of 0.55.

BP Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 15th were given a $0.07 dividend. This represents a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 15th. BP’s dividend payout ratio (DPR) is currently 3,235.29%.

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.