BP plc (BP) Given “Reduce” Rating at Kepler Capital Markets

Kepler Capital Markets reissued their reduce rating on shares of BP plc (LON:BP) in a research report report published on Friday morning. The firm currently has a GBX 430 ($5.55) target price on the oil and gas exploration company’s stock.

Several other analysts have also recently commented on the company. UBS AG set a GBX 525 ($6.78) target price on BP plc and gave the stock a buy rating in a research report on Wednesday, September 6th. Deutsche Bank AG raised their target price on BP plc from GBX 505 ($6.52) to GBX 520 ($6.72) and gave the stock a buy rating in a research report on Monday, September 4th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 530 ($6.84) target price on shares of BP plc in a research report on Friday, September 1st. J P Morgan Chase & Co set a GBX 500 ($6.46) target price on BP plc and gave the stock a buy rating in a research report on Thursday, August 31st. Finally, Jefferies Group LLC set a GBX 470 ($6.07) target price on BP plc and gave the stock a neutral rating in a research report on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. BP plc presently has a consensus rating of Hold and an average price target of GBX 506.73 ($6.54).

BP plc (LON:BP) traded down 0.76% during trading on Friday, reaching GBX 448.25. The company had a trading volume of 48,923,130 shares. BP plc has a 52-week low of GBX 411.60 and a 52-week high of GBX 521.20. The stock’s market cap is GBX 88.25 billion. The company has a 50-day moving average price of GBX 449.35 and a 200 day moving average price of GBX 455.94.

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The company also recently disclosed a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 10th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 1.64%.

In related news, insider Brian Gilvary bought 68 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of GBX 469 ($6.06) per share, for a total transaction of £318.92 ($411.88). Over the last 90 days, insiders have acquired 208 shares of company stock worth $94,192.

BP plc Company Profile

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.

Analyst Recommendations for BP plc (LON:BP)




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