JPMorgan Chase & Co. set a GBX 625 ($8.17) target price on BP (LON:BP) in a report published on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the oil and gas exploration company’s stock.
Several other research firms have also recently weighed in on BP. Goldman Sachs Group restated a conviction-buy rating on shares of BP in a research note on Tuesday, August 13th. Morgan Stanley restated an overweight rating on shares of BP in a research note on Friday, August 30th. UBS Group restated a buy rating on shares of BP in a research note on Wednesday, August 28th. Deutsche Bank restated a buy rating on shares of BP in a research note on Friday, July 12th. Finally, HSBC set a GBX 600 ($7.84) price objective on BP and gave the company a buy rating in a research report on Wednesday, September 11th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. BP presently has an average rating of Buy and an average price target of GBX 646.56 ($8.45).
BP stock opened at GBX 521 ($6.81) on Wednesday. BP has a 1-year low of GBX 5.08 ($0.07) and a 1-year high of GBX 603.20 ($7.88). The business has a fifty day moving average price of GBX 507.23 and a 200-day moving average price of GBX 537.77. The company has a debt-to-equity ratio of 75.21, a current ratio of 1.07 and a quick ratio of 0.69. The stock has a market capitalization of $106.05 billion and a P/E ratio of 11.89.
The company also recently disclosed a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 8th were given a dividend of $0.10 per share. This represents a yield of 1.59%. The ex-dividend date of this dividend was Thursday, August 8th. BP’s dividend payout ratio (DPR) is presently 0.75%.
In other news, insider Brian Gilvary acquired 63 shares of BP stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of GBX 503 ($6.57) per share, for a total transaction of £316.89 ($414.07). In the last quarter, insiders have purchased 184 shares of company stock valued at $95,172.
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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