BP plc (LON:BP)‘s stock had its “neutral” rating restated by analysts at Goldman Sachs Group, Inc. (The) in a report issued on Thursday. They currently have a GBX 480 ($6.22) price target on the oil and gas exploration company’s stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential upside of 7.91% from the company’s previous close.
Other equities analysts have also issued reports about the stock. UBS AG set a GBX 525 ($6.80) price objective on shares of BP plc and gave the stock a “buy” rating in a report on Tuesday, April 4th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 530 ($6.87) price objective on shares of BP plc in a report on Monday, June 12th. Citigroup Inc. restated a “neutral” rating and issued a GBX 480 ($6.22) price objective on shares of BP plc in a report on Thursday, June 15th. Barclays PLC restated an “overweight” rating and issued a GBX 625 ($8.10) price objective on shares of BP plc in a report on Tuesday, June 20th. Finally, Deutsche Bank AG restated a “buy” rating and issued a GBX 515 ($6.67) price objective on shares of BP plc in a report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 510.14 ($6.61).
Shares of BP plc (BP) opened at 450.00 on Thursday. The company has a 50-day moving average of GBX 464.60 and a 200-day moving average of GBX 470.39. The stock’s market capitalization is GBX 88.49 billion. BP plc has a 52-week low of GBX 408.63 and a 52-week high of GBX 521.20.
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The company also recently disclosed a dividend, which was paid on Friday, June 23rd. Shareholders of record on Thursday, May 11th were given a $0.10 dividend. This represents a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, May 11th.
In other news, insider Brian Gilvary acquired 68 shares of the company’s stock in a transaction on Monday, June 12th. The shares were bought at an average cost of GBX 468 ($6.06) per share, with a total value of £318.24 ($412.23). Over the last three months, insiders acquired 206 shares of company stock worth $93,912.
About BP plc
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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