BP p.l.c. (LON:BP) Receives GBX 618 Average PT from Analysts

Shares of BP p.l.c. (LON:BP) have received an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 605 ($7.68).

Several analysts have recently commented on the stock. Bank of America restated a “buy” rating and issued a GBX 500 ($6.34) target price on shares of BP in a research note on Wednesday, September 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 540 ($6.85) price objective on shares of BP in a report on Monday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BP in a research report on Tuesday, September 24th. Finally, Berenberg Bank cut their target price on BP from GBX 470 ($5.96) to GBX 440 ($5.58) and set a “hold” rating for the company in a research note on Friday, November 29th.

BP Stock Performance

LON BP opened at GBX 385.10 ($4.89) on Friday. The firm has a market cap of £61.04 billion, a P/E ratio of 1,199.85, a P/E/G ratio of 0.35 and a beta of 0.49. BP has a 52-week low of GBX 379.70 ($4.82) and a 52-week high of GBX 562.30 ($7.13). The business’s 50-day moving average price is GBX 390.05 and its 200 day moving average price is GBX 423.78. The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 79.91.

BP Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 7th will be paid a $0.08 dividend. This represents a yield of 1.54%. The ex-dividend date is Thursday, November 7th. BP’s payout ratio is 6,969.70%.

Insider Transactions at BP

In other BP news, insider Murray Auchincloss bought 95 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average cost of GBX 394 ($5.00) per share, for a total transaction of £374.30 ($474.88). Insiders bought a total of 200 shares of company stock worth $76,760 over the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

About BP

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.