BP plc (LON:BP) Receives GBX 636.36 Average PT from Brokerages
Shares of BP plc (LON:BP) have earned an average rating of “Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 644.17 ($8.42).
Several equities analysts have recently commented on BP shares. Credit Suisse Group set a GBX 605 ($7.91) target price on BP and gave the company a “neutral” rating in a report on Monday. Sanford C. Bernstein set a GBX 710 ($9.28) target price on BP and gave the company a “buy” rating in a report on Friday, October 4th. UBS Group reaffirmed a “buy” rating on shares of BP in a report on Wednesday, August 28th. JPMorgan Chase & Co. set a GBX 625 ($8.17) target price on BP and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Berenberg Bank started coverage on BP in a report on Wednesday. They set a “buy” rating and a GBX 600 ($7.84) target price for the company.
In related news, insider Brian Gilvary purchased 63 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of GBX 505 ($6.60) per share, with a total value of £318.15 ($415.72).
The company also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 8th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 1.59%. BP’s dividend payout ratio (DPR) is 0.75%.
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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