BP p.l.c. (LON:BP) Receives GBX 632.14 Consensus PT from Analysts

BP p.l.c. (LON:BP) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 632.14 ($8.02).

A number of equities research analysts have commented on the company. Bank of America reiterated a “neutral” rating and set a GBX 500 ($6.34) target price on shares of BP in a report on Monday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 650 ($8.25) target price on shares of BP in a research note on Tuesday, June 18th. Barclays restated an “overweight” rating and issued a GBX 1,000 ($12.69) target price on shares of BP in a report on Monday, April 8th. Berenberg Bank reissued a “hold” rating and issued a GBX 510 ($6.47) price objective on shares of BP in a research report on Friday, May 10th. Finally, Morgan Stanley reissued an “overweight” rating on shares of BP in a research note on Tuesday, May 14th.

Insider Activity at BP

In related news, insider Hina Nagarajan purchased 5,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were bought at an average price of GBX 460 ($5.84) per share, with a total value of £23,000 ($29,176.71). In other news, insider Murray Auchincloss acquired 72 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were bought at an average cost of GBX 517 ($6.56) per share, for a total transaction of £372.24 ($472.21). Also, insider Hina Nagarajan bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were purchased at an average price of GBX 460 ($5.84) per share, with a total value of £23,000 ($29,176.71). Over the last three months, insiders purchased 5,084 shares of company stock worth $2,342,985. 0.28% of the stock is owned by company insiders.

BP Stock Down 0.7 %

BP stock opened at GBX 470.55 ($5.97) on Friday. The company has a debt-to-equity ratio of 75.43, a current ratio of 1.23 and a quick ratio of 0.62. The company’s 50 day simple moving average is GBX 491.94 and its 200-day simple moving average is GBX 481.27. BP has a 12 month low of GBX 441.05 ($5.59) and a 12 month high of GBX 562.30 ($7.13). The firm has a market capitalization of £78.68 billion, a PE ratio of 1,102.09, a P/E/G ratio of 0.35 and a beta of 0.54.

BP Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 1.14%. BP’s payout ratio is currently 5,348.84%.

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.