BP plc (BP) Receives “Neutral” Rating from Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) reaffirmed their neutral rating on shares of BP plc (LON:BP) in a research report sent to investors on Monday morning. Goldman Sachs Group, Inc. (The) currently has a GBX 500 ($6.63) price objective on the oil and gas exploration company’s stock.
Several other brokerages also recently weighed in on BP. UBS AG set a GBX 525 ($6.96) target price on BP plc and gave the company a buy rating in a research note on Tuesday, June 6th. Deutsche Bank AG reiterated a buy rating and issued a GBX 515 ($6.83) price target on shares of BP plc in a research note on Thursday, June 8th. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 530 ($7.03) price target on shares of BP plc in a research note on Monday, June 12th. Morgan Stanley reissued an overweight rating on shares of BP plc in a report on Monday, June 12th. Finally, Citigroup Inc. reissued a neutral rating and issued a GBX 480 ($6.37) price target on shares of BP plc in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of GBX 510.14 ($6.77).
Shares of BP plc (BP) opened at 481.95 on Monday. The company’s 50-day moving average price is GBX 452.36 and its 200 day moving average price is GBX 456.43. BP plc has a 1-year low of GBX 432.15 and a 1-year high of GBX 521.20. The stock’s market cap is GBX 94.88 billion.
COPYRIGHT VIOLATION NOTICE: This story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/10/03/bp-plc-bp-receives-neutral-rating-from-goldman-sachs-group-inc-the.html.
The firm also recently disclosed a dividend, which was paid on Friday, September 22nd. Stockholders of record on Thursday, August 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 1.64%.
In other BP plc news, insider Brian Gilvary bought 70 shares of the business’s stock in a transaction on Monday, September 11th. The shares were purchased at an average price of GBX 446 ($5.92) per share, with a total value of £312.20 ($414.11). Over the last 90 days, insiders purchased 208 shares of company stock worth $94,192.
BP plc Company Profile
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.
Receive News & Stock Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related stocks with our FREE daily email newsletter.