BP p.l.c. (LON:BP) Receives GBX 632 Consensus Price Target from Analysts

BP p.l.c. (LON:BP) has been given an average rating of “Hold” by the seven brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 632 ($7.96).

BP has been the topic of several recent research reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 510 ($6.42) price target on shares of BP in a research note on Monday, August 5th. Bank of America reiterated a “buy” rating and set a GBX 500 ($6.29) target price on shares of BP in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of BP in a research note on Tuesday, September 24th.

BP Price Performance

Shares of BP opened at GBX 388.60 ($4.89) on Tuesday. 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 has a twelve month low of GBX 379.70 ($4.78) and a twelve month high of GBX 562.30 ($7.08). The stock has a market capitalization of £61.59 billion, a P/E ratio of 1,156.21, a P/E/G ratio of 0.35 and a beta of 0.49. The company has a 50 day moving average of GBX 395.84 and a 200-day moving average of GBX 437.46.

BP Dividend Announcement

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

Insider Transactions at BP

In other news, insider Hina Nagarajan acquired 5,000 shares of BP stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of GBX 407 ($5.12) per share, for a total transaction of £20,350 ($25,620.04). Also, insider Murray Auchincloss bought 100 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was purchased at an average cost of GBX 373 ($4.70) per share, for a total transaction of £373 ($469.60). In the last 90 days, insiders purchased 5,113 shares of company stock worth $2,077,586. 0.26% of the stock is owned by insiders.

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.