BP (LON:BP) had its target price reduced by HSBC from GBX 600 ($7.89) to GBX 595 ($7.83) in a report released on Wednesday morning, Borsen Zeitung reports. HSBC currently has a buy rating on the oil and gas exploration company’s stock.
Other research analysts have also recently issued reports about the stock. Societe Generale reduced their price objective on shares of BP from GBX 560 ($7.37) to GBX 525 ($6.91) and set a buy rating for the company in a report on Thursday, February 6th. Jefferies Financial Group reiterated a buy rating and set a GBX 590 ($7.76) price objective on shares of BP in a report on Tuesday, February 4th. Main First Bank began coverage on shares of BP in a report on Wednesday, December 4th. They set an outperform rating and a GBX 620 ($8.16) price objective for the company. Liberum Capital reduced their price objective on shares of BP from GBX 560 ($7.37) to GBX 540 ($7.10) and set a buy rating for the company in a report on Friday, February 7th. Finally, Berenberg Bank reiterated a hold rating and set a GBX 560 ($7.37) price objective on shares of BP in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. BP currently has an average rating of Buy and a consensus target price of GBX 601.47 ($7.91).
Shares of LON BP opened at GBX 456.85 ($6.01) on Wednesday. The stock has a market capitalization of $93.73 billion and a P/E ratio of 23.19. The company has a 50-day moving average price of GBX 482.31 and a 200-day moving average price of GBX 495.57. BP has a 1 year low of GBX 4.69 ($0.06) and a 1 year high of GBX 583.40 ($7.67). The company has a debt-to-equity ratio of 76.90, a current ratio of 1.12 and a quick ratio of 0.66.
The company also recently declared a dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, February 13th will be given a dividend of $0.11 per share. This is a positive change from BP’s previous dividend of $0.10. This represents a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, February 13th. BP’s dividend payout ratio (DPR) is presently 1.62%.
In other news, insider Brian Gilvary purchased 65 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average cost of GBX 492 ($6.47) per share, with a total value of £319.80 ($420.68).
BP Company Profile
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).
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