Analysts Set BP p.l.c. (LON:BP) Price Target at GBX 632.14

BP p.l.c. (LON:BP) has been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 632.14 ($8.02).

A number of analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of BP in a report on Tuesday, May 14th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 650 ($8.25) price target on shares of BP in a research note on Tuesday, June 18th. Bank of America reaffirmed a “neutral” rating and issued a GBX 500 ($6.34) price objective on shares of BP in a research note on Monday, April 22nd. Berenberg Bank reissued a “hold” rating and set a GBX 510 ($6.47) target price on shares of BP in a research report on Friday, May 10th. Finally, Barclays restated an “overweight” rating and set a GBX 1,000 ($12.69) price target on shares of BP in a report on Monday, April 8th.

BP Trading Up 0.7 %

Shares of LON BP opened at GBX 474.15 ($6.01) on Friday. The firm has a 50 day moving average price of GBX 493 and a two-hundred day moving average price of GBX 481.17. The stock has a market cap of £79.28 billion, a P/E ratio of 1,095.35, a price-to-earnings-growth ratio of 0.35 and a beta of 0.54. BP has a 52-week low of GBX 441.05 ($5.59) and a 52-week high of GBX 562.30 ($7.13). The company has a debt-to-equity ratio of 75.43, a quick ratio of 0.62 and a current ratio of 1.23.

BP Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be paid a $0.07 dividend. This represents a yield of 1.14%. The ex-dividend date is Thursday, May 16th. BP’s dividend payout ratio (DPR) is presently 5,348.84%.

Insiders Place Their Bets

In related news, insider Hina Nagarajan acquired 5,000 shares of the stock in a transaction dated Wednesday, June 5th. The stock was bought at an average price of GBX 460 ($5.84) per share, for a total transaction of £23,000 ($29,176.71). In other news, insider Hina Nagarajan bought 5,000 shares of BP stock in a transaction dated Wednesday, June 5th. The stock was bought at an average cost of GBX 460 ($5.84) per share, for a total transaction of £23,000 ($29,176.71). Also, insider Murray Auchincloss bought 72 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average cost of GBX 517 ($6.56) per share, with a total value of £372.24 ($472.21). In the last three months, insiders have acquired 5,084 shares of company stock worth $2,342,985. Corporate insiders own 0.28% of the company’s stock.

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.