JPMorgan Chase & Co. set a GBX 625 ($8.17) price target on BP (LON:BP) in a report published on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the oil and gas exploration company’s stock.
Several other research analysts have also recently commented on BP. HSBC upgraded shares of AU Optronics from a reduce rating to a hold rating in a report on Wednesday, July 10th. Kepler Capital Markets set a €70.00 ($81.40) price target on shares of Bayer and gave the stock a neutral rating in a report on Thursday, June 27th. Deutsche Bank boosted their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a report on Friday. Goldman Sachs Group set a €152.00 ($176.74) price target on shares of Aena SME and gave the stock a sell rating in a report on Tuesday, April 30th. Finally, Barclays reiterated a buy rating on shares of Alphabet in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 650 ($8.49).
LON BP opened at GBX 542.10 ($7.08) on Friday. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 87.27. BP has a 52 week low of GBX 481.35 ($6.29) and a 52 week high of GBX 603.20 ($7.88). The firm has a market cap of $110.55 billion and a PE ratio of 11.11. The business’s 50 day moving average price is GBX 546.36.
The business also recently disclosed a dividend, which was paid on Friday, June 21st. Stockholders of record on Thursday, May 9th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, May 9th. This represents a dividend yield of 1.43%. BP’s dividend payout ratio is presently 0.66%.
In related news, insider Brian Gilvary acquired 58 shares of BP stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of GBX 552 ($7.21) per share, for a total transaction of £320.16 ($418.35). Insiders have bought a total of 174 shares of company stock valued at $94,192 in the last 90 days.
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).
Featured Story: How to Profit and Limit Losses With Stop Orders
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.