Kepler Capital Markets reaffirmed their reduce rating on shares of BP plc (LON:BP) in a research report released on Friday, September 15th. The firm currently has a GBX 430 ($5.80) price objective on the oil and gas exploration company’s stock.
BP has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a GBX 480 ($6.47) price objective on shares of BP plc in a report on Thursday, July 13th. Credit Suisse Group restated an outperform rating and issued a GBX 530 ($7.15) price objective on shares of BP plc in a report on Friday, September 1st. Deutsche Bank AG set a GBX 515 ($6.94) price objective on BP plc and gave the stock a buy rating in a report on Wednesday, May 24th. UBS AG set a GBX 525 ($7.08) price objective on BP plc and gave the stock a buy rating in a report on Monday, June 19th. Finally, Barclays PLC restated an overweight rating and issued a GBX 675 ($9.10) price objective on shares of BP plc in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. BP plc has an average rating of Hold and an average price target of GBX 507.64 ($6.84).
Shares of BP plc (LON:BP) opened at 467.50 on Friday. The stock’s 50 day moving average is GBX 449.85 and its 200-day moving average is GBX 455.83. The stock’s market cap is GBX 92.03 billion. BP plc has a 1-year low of GBX 426.30 and a 1-year high of GBX 521.20.
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The firm also recently announced a dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 10th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 1.64%.
In other news, insider Brian Gilvary acquired 68 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of GBX 469 ($6.32) per share, for a total transaction of £318.92 ($429.99). Over the last quarter, insiders purchased 208 shares of company stock valued at $94,192.
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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