BP plc (BP) Given a GBX 470 Price Target at Jefferies Group LLC
Jefferies Group LLC set a GBX 470 ($6.08) price objective on BP plc (LON:BP) in a research report sent to investors on Tuesday morning. The firm currently has a neutral rating on the oil and gas exploration company’s stock.
A number of other research firms also recently issued reports on BP. HSBC Holdings plc raised their price target on BP plc from GBX 550 ($7.11) to GBX 565 ($7.31) and gave the stock a buy rating in a research note on Friday, June 16th. Deutsche Bank AG restated a buy rating and set a GBX 505 ($6.53) price target on shares of BP plc in a research note on Wednesday, May 3rd. UBS AG set a GBX 525 ($6.79) price objective on BP plc and gave the stock a buy rating in a research report on Monday, June 12th. Barclays PLC reaffirmed an overweight rating and set a GBX 675 ($8.73) price objective on shares of BP plc in a research report on Tuesday, August 15th. Finally, Kepler Capital Markets cut BP plc from a hold rating to a reduce rating and decreased their price objective for the stock from GBX 470 ($6.08) to GBX 430 ($5.56) in a research report on Friday, June 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 506.05 ($6.54).
BP plc (LON BP) opened at 440.05 on Tuesday. BP plc has a 1-year low of GBX 411.60 and a 1-year high of GBX 521.20. The firm’s 50-day moving average is GBX 448.94 and its 200 day moving average is GBX 456.61. The company’s market cap is GBX 86.63 billion.
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The company also recently announced a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 10th will be issued a $0.10 dividend. This represents a yield of 1.64%. The ex-dividend date is Thursday, August 10th.
In other news, insider Brian Gilvary bought 70 shares of BP plc stock in a transaction that occurred on Monday, July 10th. The shares were purchased at an average price of GBX 444 ($5.74) per share, for a total transaction of £310.80 ($401.97). Insiders purchased 206 shares of company stock worth $94,796 in the last quarter.
About BP plc
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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