HSBC set a GBX 600 ($7.84) target price on BP (LON:BP) in a report issued on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

A number of other brokerages have also recently commented on BP. Berenberg Bank reaffirmed a buy rating and issued a GBX 620 ($8.10) target price on shares of BP in a report on Wednesday, August 28th. Royal Bank of Canada reaffirmed an outperform rating on shares of BP in a report on Wednesday, July 31st. Deutsche Bank reaffirmed a buy rating on shares of BP in a report on Friday, July 12th. Jefferies Financial Group set a GBX 620 ($8.10) target price on shares of BP and gave the company a buy rating in a report on Wednesday, July 31st. Finally, Sanford C. Bernstein set a GBX 710 ($9.28) target price on shares of BP and gave the company a buy rating in a report on Tuesday, August 27th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of GBX 647.81 ($8.46).

Shares of BP opened at GBX 504.01 ($6.59) on Wednesday. BP has a 1-year low of GBX 5.08 ($0.07) and a 1-year high of GBX 603.20 ($7.88). The stock has a market cap of $102.71 billion and a PE ratio of 11.51. The company has a debt-to-equity ratio of 75.21, a current ratio of 1.07 and a quick ratio of 0.69. The firm has a fifty day moving average price of GBX 508.30 and a 200 day moving average price of GBX 538.58.

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 8th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a dividend yield of 1.59%. BP’s payout ratio is 0.78%.

In other BP news, insider Brian Gilvary bought 58 shares of BP stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average cost of GBX 546 ($7.13) per share, with a total value of £316.68 ($413.80). Insiders bought 184 shares of company stock valued at $95,172 over the last ninety days.

BP Company Profile

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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