BP (LON:BP) Earns Buy Rating from UBS Group

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UBS Group restated their buy rating on shares of BP (LON:BP) in a report issued on Monday morning, Borsen Zeitung reports. UBS Group currently has a GBX 445 ($5.85) target price on the oil and gas exploration company’s stock.

Several other equities analysts also recently weighed in on BP. Goldman Sachs Group reiterated a buy rating on shares of BP in a research report on Wednesday, March 18th. JPMorgan Chase & Co. lowered their target price on BP from GBX 600 ($7.89) to GBX 475 ($6.25) and set an overweight rating on the stock in a research report on Thursday, March 12th. Sanford C. Bernstein lowered their target price on BP from GBX 700 ($9.21) to GBX 470 ($6.18) and set an outperform rating on the stock in a research report on Monday, March 9th. Societe Generale lowered their target price on BP from GBX 560 ($7.37) to GBX 525 ($6.91) and set a buy rating on the stock in a research report on Thursday, February 6th. Finally, Morgan Stanley downgraded BP from an overweight rating to an equal weight rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. BP has a consensus rating of Buy and an average target price of GBX 508.89 ($6.69).

BP stock opened at GBX 339.40 ($4.46) on Monday. The company has a market cap of $68.77 billion and a P/E ratio of 17.23. BP has a 1 year low of GBX 4.69 ($0.06) and a 1 year high of GBX 583.40 ($7.67). The company has a debt-to-equity ratio of 76.90, a current ratio of 1.12 and a quick ratio of 0.66. The stock’s fifty day moving average price is GBX 385.62 and its 200-day moving average price is GBX 466.61.

The company also recently disclosed a dividend, which will be paid on Friday, March 27th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.11 per share. This is a positive change from BP’s previous dividend of $0.10. The ex-dividend date is Thursday, February 13th. This represents a dividend yield of 1.78%. BP’s dividend payout ratio (DPR) is presently 1.68%.

In other news, insider Brian Gilvary purchased 65 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was bought at an average cost of GBX 492 ($6.47) per share, with a total value of £319.80 ($420.68).

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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