Beaufort Securities reiterated their buy rating on shares of BP (LON:BP) in a research note published on Tuesday, February 6th. Beaufort Securities currently has a GBX 560 ($7.74) price objective on the oil and gas exploration company’s stock.
A number of other equities analysts have also commented on BP. Canaccord Genuity raised their price objective on shares of BP from GBX 510 ($7.05) to GBX 530 ($7.32) and gave the stock a buy rating in a research note on Wednesday, October 11th. Royal Bank of Canada reaffirmed a sector performer rating and issued a GBX 500 ($6.91) price objective on shares of BP in a research note on Thursday, October 12th. set a GBX 565 ($7.81) price objective on shares of BP and gave the stock a buy rating in a research note on Friday, October 13th. Barclays reissued an overweight rating and set a GBX 675 ($9.33) target price on shares of BP in a research note on Tuesday, October 17th. Finally, Jefferies Group lifted their target price on shares of BP from GBX 470 ($6.49) to GBX 500 ($6.91) and gave the company a hold rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. BP presently has an average rating of Hold and a consensus target price of GBX 550.79 ($7.61).
Shares of BP (LON:BP) opened at GBX 479.85 ($6.63) on Tuesday. The firm has a market cap of $95,610.00 and a P/E ratio of 3,998.75. BP has a 1-year low of GBX 436.95 ($6.04) and a 1-year high of GBX 536.20 ($7.41).
The firm also recently declared a dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, February 15th will be paid a dividend of $0.10 per share. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, February 15th.
In other BP news, insider Brian Gilvary purchased 60 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was acquired at an average cost of GBX 528 ($7.29) per share, with a total value of £316.80 ($437.69).
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BP Company Profile
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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