BP p.l.c. (LON:BP) Receives GBX 630.75 Average Price Target from Brokerages

Shares of BP p.l.c. (LON:BP – Get Rating) have been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 630.75 ($7.85).

BP has been the subject of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of BP in a research report on Tuesday, March 21st. Barclays reaffirmed an “overweight” rating and set a GBX 1,000 ($12.44) price objective on shares of BP in a research report on Wednesday, March 1st. Credit Suisse Group reduced their price objective on BP from GBX 630 ($7.84) to GBX 610 ($7.59) in a research report on Thursday, May 4th. Morgan Stanley raised BP to an “overweight” rating and reduced their price objective for the stock from GBX 660 ($8.21) to GBX 605 ($7.52) in a research report on Tuesday, March 21st. Finally, Berenberg Bank reduced their price objective on BP from GBX 590 ($7.34) to GBX 560 ($6.97) and set a “hold” rating for the company in a research report on Tuesday, May 2nd.

BP Stock Down 2.4 %

LON:BP opened at GBX 474.95 ($5.91) on Friday. BP has a 1 year low of GBX 359.20 ($4.47) and a 1 year high of GBX 570.57 ($7.10). The company has a current ratio of 1.17, a quick ratio of 0.62 and a debt-to-equity ratio of 65.61. The stock has a market cap of £83.54 billion, a price-to-earnings ratio of 446.33, a PEG ratio of 0.35 and a beta of 0.59. The stock has a 50-day moving average price of GBX 508.54 and a two-hundred day moving average price of GBX 502.24.

BP Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, May 11th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a yield of 0.98%. BP’s dividend payout ratio (DPR) is presently 1,926.61%.

Insiders Place Their Bets

In other BP news, insider Bernard Looney bought 60 shares of BP stock in a transaction on Tuesday, April 11th. The shares were purchased at an average price of GBX 532 ($6.62) per share, with a total value of £319.20 ($397.01). In other news, insider Murray Auchincloss acquired 68 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The shares were bought at an average price of GBX 557 ($6.93) per share, with a total value of £378.76 ($471.09). Also, insider Bernard Looney acquired 60 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The shares were purchased at an average cost of GBX 532 ($6.62) per share, for a total transaction of £319.20 ($397.01). Insiders have purchased a total of 193 shares of company stock worth $101,581 in the last 90 days. Company insiders own 0.25% of the company’s stock.

BP Company Profile

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BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen and carbon capture and storage.