BP’s (BP) “Hold” Rating Reaffirmed at Jefferies Financial Group

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Jefferies Financial Group restated their hold rating on shares of BP (LON:BP) in a research note released on Friday, ThisIsMoney.Co.Uk reports.

BP has been the subject of several other reports. Barclays reissued a buy rating on shares of Alphabet in a report on Tuesday, April 30th. HSBC raised AU Optronics from a reduce rating to a hold rating in a report on Wednesday, July 10th. Credit Suisse Group began coverage on LTC Properties in a report on Wednesday, July 10th. They set an underperform rating and a $19.00 price target for the company. Berenberg Bank reissued a buy rating and set a GBX 620 ($8.10) price target on shares of in a report on Friday, June 21st. Finally, Deutsche Bank cut Hilton Hotels from a buy rating to a hold rating and set a $92.60 price target for the company. in a report on Wednesday, May 1st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. BP presently has an average rating of Buy and an average target price of GBX 650 ($8.49).

LON:BP opened at GBX 542.10 ($7.08) on Friday. The firm has a market cap of $110.55 billion and a PE ratio of 11.11. The business’s 50 day moving average price is GBX 546.36. The company has a debt-to-equity ratio of 87.27, a quick ratio of 0.66 and a current ratio of 1.02. BP has a 1-year low of GBX 481.35 ($6.29) and a 1-year high of GBX 603.20 ($7.88).

The business also recently disclosed a dividend, which was paid on Friday, June 21st. Shareholders of record on Thursday, May 9th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a yield of 1.43%. BP’s dividend payout ratio is presently 0.66%.

In related news, insider Brian Gilvary acquired 58 shares of the company’s stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of GBX 552 ($7.21) per share, with a total value of £320.16 ($418.35). Insiders acquired a total of 174 shares of company stock valued at $94,192 over the last ninety days.

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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Analyst Recommendations for BP (LON:BP)

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