Kepler Capital Markets reissued their reduce rating on shares of BP plc (LON:BP) in a report published on Friday, September 15th. They currently have a GBX 430 ($5.78) price objective on the oil and gas exploration company’s stock.
Several other brokerages have also weighed in on BP. Deutsche Bank AG set a GBX 515 ($6.93) price target on shares of BP plc and gave the company a buy rating in a research report on Wednesday, May 24th. UBS AG set a GBX 525 ($7.06) price target on shares of BP plc and gave the company a buy rating in a report on Monday, June 19th. Canaccord Genuity reissued a buy rating and set a GBX 525 ($7.06) price objective on shares of BP plc in a research report on Friday, June 16th. HSBC Holdings plc lifted their price target on BP plc from GBX 550 ($7.40) to GBX 565 ($7.60) and gave the stock a buy rating in a research report on Friday, June 16th. Finally, J P Morgan Chase & Co set a GBX 530 ($7.13) price objective on shares of BP plc and gave the stock a buy rating in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 507.64 ($6.83).
BP plc (BP) traded up 0.26% during midday trading on Friday, hitting GBX 477.30. The company had a trading volume of 22,466,171 shares. The company’s market cap is GBX 93.96 billion. The firm has a 50-day moving average price of GBX 449.85 and a 200-day moving average price of GBX 455.83. BP plc has a 12 month low of GBX 432.15 and a 12 month high of GBX 521.20.
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The company also recently announced a dividend, which was paid on Friday, September 22nd. Shareholders of record on Thursday, August 10th were issued a dividend of $0.10 per share. This represents a yield of 1.64%. The ex-dividend date was Thursday, August 10th.
In other BP plc news, insider Brian Gilvary acquired 70 shares of the stock in a transaction dated Monday, July 10th. The shares were bought at an average cost of GBX 444 ($5.97) per share, for a total transaction of £310.80 ($417.97). Insiders have bought a total of 208 shares of company stock valued at $94,192 over the last ninety days.
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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