Credit Suisse Group Reaffirms Outperform Rating for BP (BP)

Credit Suisse Group restated their outperform rating on shares of BP (LON:BP) in a research note released on Friday morning. Credit Suisse Group currently has a GBX 575 ($8.07) price target on the oil and gas exploration company’s stock.

A number of other research analysts also recently issued reports on BP. JPMorgan Chase raised their price target on shares of BP from GBX 540 ($7.58) to GBX 550 ($7.72) and gave the stock an overweight rating in a research report on Friday, December 8th. Goldman Sachs set a GBX 545 ($7.65) price target on shares of BP and gave the stock a neutral rating in a research report on Thursday, December 14th. Macquarie set a GBX 425 ($5.97) price target on shares of BP and gave the stock a sell rating in a research report on Thursday, December 14th. Barclays restated an overweight rating and issued a GBX 675 ($9.48) price target on shares of BP in a research report on Monday, December 18th. Finally, Jefferies Group raised their price target on shares of BP from GBX 500 ($7.02) to GBX 520 ($7.30) and gave the stock a hold rating in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 551.84 ($7.75).

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Shares of BP stock traded down GBX 7.70 ($0.11) during trading hours on Friday, reaching GBX 492.10 ($6.91). The company’s stock had a trading volume of 19,740,301 shares, compared to its average volume of 35,510,000. BP has a one year low of GBX 436.95 ($6.13) and a one year high of GBX 536.20 ($7.53).

The company also recently disclosed a dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, February 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a yield of 1.54%.

In related news, insider Brian Gilvary bought 60 shares of the stock in a transaction on Wednesday, January 10th. The shares were purchased at an average price of GBX 528 ($7.41) per share, with a total value of £316.80 ($444.69). In the last three months, insiders have acquired 190 shares of company stock worth $93,300.

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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.

Analyst Recommendations for BP (LON:BP)

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