Kepler Capital Markets Reiterates “Reduce” Rating for BP plc (BP)

Kepler Capital Markets reissued their reduce rating on shares of BP plc (LON:BP) in a report released on Friday, September 15th. The brokerage currently has a GBX 430 ($5.80) price objective on the oil and gas exploration company’s stock.

Other analysts also recently issued reports about the company. UBS AG set a GBX 525 ($7.08) price target on BP plc and gave the stock a buy rating in a report on Monday, June 19th. J P Morgan Chase & Co restated an overweight rating and issued a GBX 530 ($7.15) price target on shares of BP plc in a report on Monday, June 12th. Barclays PLC restated an overweight rating and issued a GBX 625 ($8.43) price target on shares of BP plc in a report on Tuesday, June 20th. Deutsche Bank AG restated a buy rating and issued a GBX 515 ($6.94) price target on shares of BP plc in a report on Wednesday, June 21st. Finally, Macquarie cut BP plc from a neutral rating to an underperform rating and lowered their target price for the company from to in a report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 507.64 ($6.84).

Shares of BP plc (LON:BP) traded up 0.67% on Friday, reaching GBX 466.60. 20,545,932 shares of the company’s stock were exchanged. The firm’s market cap is GBX 91.86 billion. The company 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 one year low of GBX 422.50 and a one year high of GBX 521.20.

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The firm also recently declared a dividend, which was paid on Friday, September 22nd. Shareholders of record on Thursday, August 10th were given a $0.10 dividend. The ex-dividend date was Thursday, August 10th. This represents a yield of 1.64%.

In other BP plc news, insider Brian Gilvary purchased 70 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were purchased at an average price of GBX 446 ($6.01) per share, for a total transaction of £312.20 ($420.92). In the last 90 days, insiders 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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