Berenberg Bank Lowers BP (LON:BP) Price Target to GBX 440

BP (LON:BP) had its target price lowered by Berenberg Bank from GBX 470 ($5.95) to GBX 440 ($5.57) in a research note released on Friday morning, Marketbeat reports. The firm currently has a hold rating on the oil and gas exploration company’s stock.

Several other analysts also recently commented on BP. Bank of America restated a “buy” rating and issued a GBX 500 ($6.33) target price on shares of BP in a research note on Wednesday, September 4th. JPMorgan Chase & Co. restated an “underweight” rating on shares of BP in a report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 618 ($7.82).

BP Trading Down 0.2 %

Shares of LON:BP traded down GBX 0.80 ($0.01) during mid-day trading on Friday, hitting GBX 384.65 ($4.87). The company had a trading volume of 18,911,775 shares, compared to its average volume of 8,560,774. The company has a debt-to-equity ratio of 79.91, a current ratio of 1.24 and a quick ratio of 0.62. BP has a one year low of GBX 379.70 ($4.81) and a one year high of GBX 562.30 ($7.12). The firm has a fifty day moving average price of GBX 393.25 and a 200 day moving average price of GBX 431.50. The company has a market capitalization of £60.97 billion, a PE ratio of 1,165.61, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49.

BP Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.08 per share. This represents a yield of 1.54%. The ex-dividend date of this dividend is Thursday, November 7th. BP’s dividend payout ratio (DPR) is presently 6,969.70%.

Insider Transactions at BP

In related news, insider Hina Nagarajan bought 5,000 shares of BP stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of GBX 407 ($5.15) per share, with a total value of £20,350 ($25,756.23). Also, insider Murray Auchincloss purchased 100 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average cost of GBX 373 ($4.72) per share, for a total transaction of £373 ($472.09). Insiders bought a total of 5,113 shares of company stock worth $2,077,586 in the last quarter. 0.26% of the stock is currently owned by corporate insiders.

BP Company Profile

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.