BP p.l.c. (LON:BP) Receives GBX 605 Consensus Price Target from Analysts

BP p.l.c. (LON:BP) has been given an average recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 605 ($7.39).

BP has been the subject of several recent analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating on shares of BP in a report on Tuesday, September 24th. Berenberg Bank decreased their price objective on BP from GBX 470 ($5.74) to GBX 440 ($5.37) and set a “hold” rating on the stock in a report on Friday, November 29th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 540 ($6.59) price target on shares of BP in a research report on Monday, December 16th.

BP Price Performance

Shares of LON BP opened at GBX 425.10 ($5.19) on Wednesday. The company has a debt-to-equity ratio of 79.91, a current ratio of 1.24 and a quick ratio of 0.62. The firm’s 50 day simple moving average is GBX 387.62 and its 200-day simple moving average is GBX 414.54. BP has a 12 month low of GBX 379.70 ($4.64) and a 12 month high of GBX 562.30 ($6.87). The stock has a market capitalization of £67.38 billion, a price-to-earnings ratio of 1,288.18, a PEG ratio of 0.35 and a beta of 0.49.

BP Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 7th were issued a $0.08 dividend. This represents a yield of 1.54%. The ex-dividend date of this dividend was Thursday, November 7th. BP’s dividend payout ratio (DPR) is presently 6,969.70%.

Insider Transactions at BP

In other news, insider Murray Auchincloss bought 95 shares of BP stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of GBX 394 ($4.81) per share, with a total value of £374.30 ($457.02). Insiders own 0.26% of the company’s stock.

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.