Barclays PLC reiterated their overweight rating on shares of BP plc (LON:BP) in a report issued on Thursday, October 26th, Marketbeat.com reports. They currently have a GBX 675 ($8.88) price objective on the oil and gas exploration company’s stock.
BP has been the topic of a number of other reports. Credit Suisse Group reaffirmed an outperform rating and set a GBX 530 ($6.97) target price on shares of BP plc in a research report on Friday, September 1st. Jefferies Group LLC set a GBX 470 ($6.18) price objective on BP plc and gave the company a neutral rating in a research note on Tuesday, August 29th. Royal Bank Of Canada restated a sector performer rating and issued a GBX 500 ($6.58) price objective on shares of BP plc in a research note on Monday, October 23rd. UBS AG set a GBX 525 ($6.91) price target on BP plc and gave the stock a buy rating in a research note on Wednesday, September 6th. Finally, Deutsche Bank AG increased their price target on BP plc from GBX 505 ($6.64) to GBX 520 ($6.84) and gave the stock a buy rating in a research note on Monday, September 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of GBX 539.50 ($7.10).
BP plc (LON BP) traded down GBX 7.70 ($0.10) during trading hours on Thursday, hitting GBX 506.90 ($6.67). The stock had a trading volume of 24,431,441 shares, compared to its average volume of 26,800,000. BP plc has a 52 week low of GBX 432.15 ($5.68) and a 52 week high of GBX 529 ($6.96).
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The business also recently declared a dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.10 per share. This represents a yield of 1.47%. The ex-dividend date is Thursday, November 9th.
In related news, insider Brian Gilvary purchased 63 shares of the business’s stock in a transaction on Tuesday, October 10th. The stock was acquired at an average price of GBX 486 ($6.39) per share, with a total value of £306.18 ($402.71).
About BP plc
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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