BP p.l.c. (LON:BP) Receives GBX 632.14 Average Target Price from Analysts

BP p.l.c. (LON:BP) has earned an average rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 632.14 ($8.02).

A number of research firms have recently commented on BP. Berenberg Bank restated a “hold” rating and issued a GBX 510 ($6.47) price target on shares of BP in a report on Friday, May 10th. Barclays restated an “overweight” rating and issued a GBX 1,000 ($12.69) price target on shares of BP in a report on Monday, April 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of BP in a research note on Tuesday, May 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 650 ($8.25) price objective on shares of BP in a research note on Tuesday, June 18th. Finally, Bank of America reaffirmed a “neutral” rating and issued a GBX 500 ($6.34) price objective on shares of BP in a research note on Monday, April 22nd.

Insider Buying and Selling at BP

In related news, insider Murray Auchincloss acquired 72 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average cost of GBX 517 ($6.56) per share, with a total value of £372.24 ($472.21). In related news, insider Hina Nagarajan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was purchased at an average cost of GBX 460 ($5.84) per share, with a total value of £23,000 ($29,176.71). Also, insider Murray Auchincloss acquired 72 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was bought at an average cost of GBX 517 ($6.56) per share, with a total value of £372.24 ($472.21). Over the last ninety days, insiders bought 5,084 shares of company stock valued at $2,342,985. 0.28% of the stock is currently owned by insiders.

BP Trading Up 0.5 %

LON BP opened at GBX 475.20 ($6.03) on Friday. The company’s 50-day moving average price is GBX 489.38 and its 200-day moving average price is GBX 481.18. The company has a current ratio of 1.23, a quick ratio of 0.62 and a debt-to-equity ratio of 75.43. The stock has a market cap of £79.45 billion, a PE ratio of 1,099.53, a PEG ratio of 0.35 and a beta of 0.54. BP has a 12 month low of GBX 441.05 ($5.59) and a 12 month high of GBX 562.30 ($7.13).

BP Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 16th were given a dividend of $0.07 per share. This represents a dividend yield of 1.14%. The ex-dividend date was Thursday, May 16th. BP’s payout ratio is 5,348.84%.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.