BP (LON:BP) Receives Neutral Rating from Credit Suisse Group

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Credit Suisse Group restated their neutral rating on shares of BP (LON:BP) in a research note released on Monday morning, Borsen Zeitung reports. They currently have a GBX 605 ($7.91) price target on the oil and gas exploration company’s stock.

A number of other analysts have also recently weighed in on BP. Sanford C. Bernstein set a GBX 710 ($9.28) price target on BP and gave the stock a buy rating in a research report on Friday, October 4th. Barclays set a GBX 700 ($9.15) price target on BP and gave the stock a buy rating in a research report on Tuesday, October 8th. Goldman Sachs Group set a GBX 730 ($9.54) price objective on BP and gave the stock a buy rating in a research report on Monday. JPMorgan Chase & Co. set a GBX 625 ($8.17) price objective on BP and gave the stock a buy rating in a research report on Wednesday, September 18th. Finally, Royal Bank of Canada reissued an outperform rating on shares of BP in a research report on Monday. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. BP has a consensus rating of Buy and an average target price of GBX 635.67 ($8.31).

Shares of LON:BP opened at GBX 488.25 ($6.38) on Monday. BP has a fifty-two week low of GBX 5.08 ($0.07) and a fifty-two week high of GBX 583.40 ($7.62). The business has a 50-day moving average of GBX 503.65 and a two-hundred day moving average of GBX 532.50. The stock has a market capitalization of $99.62 billion and a P/E ratio of 11.15. 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 firm 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. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 1.59%. BP’s dividend payout ratio is presently 0.75%.

In other BP news, insider Brian Gilvary acquired 63 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of GBX 505 ($6.60) per share, with a total value of £318.15 ($415.72). Insiders have purchased a total of 186 shares of company stock valued at $93,864 in the last three months.

About BP

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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Analyst Recommendations for BP (LON:BP)

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