JPMorgan Chase & Co. set a GBX 650 ($8.49) target price on BP (LON:BP) in a report issued on Tuesday morning. The firm currently has a buy rating on the oil and gas exploration company’s stock.
BP has been the topic of a number of other reports. Deutsche Bank reiterated a buy rating and issued a GBX 620 ($8.10) price target on shares of BP in a research report on Wednesday, September 19th. Berenberg Bank began coverage on BP in a research report on Tuesday, September 11th. They issued a buy rating and a GBX 665 ($8.69) price target on the stock. Goldman Sachs Group set a GBX 730 ($9.54) price target on BP and gave the company a buy rating in a research report on Monday, October 1st. HSBC set a GBX 675 ($8.82) price target on BP and gave the company a buy rating in a research report on Monday, July 30th. Finally, UBS Group reiterated a buy rating and issued a GBX 610 ($7.97) price target on shares of BP in a research report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. BP currently has an average rating of Buy and a consensus price target of GBX 632.73 ($8.27).
Shares of LON:BP opened at GBX 533.30 ($6.97) on Tuesday. BP has a fifty-two week low of GBX 436.95 ($5.71) and a fifty-two week high of GBX 536.20 ($7.01).
The firm also recently disclosed a dividend, which will be paid on Friday, December 21st. Shareholders of record on Thursday, November 8th will be paid a $0.10 dividend. This represents a yield of 1.44%. The ex-dividend date is Thursday, November 8th.
In other BP news, insider Brian Gilvary acquired 58 shares of BP stock in a transaction on Monday, September 10th. The shares were bought at an average price of GBX 537 ($7.02) per share, with a total value of £311.46 ($406.98). In the last three months, insiders acquired 169 shares of company stock worth $94,545.
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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