BP’s (BP) Buy Rating Reiterated at HSBC

HSBC restated their buy rating on shares of BP (LON:BP) in a research report released on Tuesday.

A number of other equities analysts also recently commented on BP. JPMorgan Chase & Co. set a GBX 650 ($8.49) price objective on shares of BP and gave the stock a buy rating in a research note on Monday, July 9th. Goldman Sachs Group reissued a buy rating and issued a GBX 750 ($9.80) price objective on shares of BP in a research note on Tuesday, October 30th. UBS Group set a GBX 610 ($7.97) price objective on shares of BP and gave the stock a buy rating in a research note on Friday, July 20th. Credit Suisse Group set a GBX 640 ($8.36) price target on shares of BP and gave the stock a buy rating in a report on Monday, July 30th. Finally, Deutsche Bank reaffirmed a buy rating and issued a GBX 620 ($8.10) price target on shares of BP in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of GBX 634.09 ($8.29).

Shares of LON:BP opened at GBX 546.20 ($7.14) on Tuesday. BP has a 52 week low of GBX 436.95 ($5.71) and a 52 week high of GBX 536.20 ($7.01).

The business also recently disclosed a dividend, which will be paid on Friday, December 21st. Stockholders of record on Thursday, November 8th will be issued a dividend of $0.10 per share. This represents a dividend yield of 1.44%. The ex-dividend date is Thursday, November 8th.

In related news, insider Brian Gilvary acquired 53 shares of the company’s stock in a transaction dated Wednesday, October 10th. The shares were purchased at an average cost of GBX 579 ($7.57) per share, with a total value of £306.87 ($400.98). Insiders have bought 169 shares of company stock worth $94,545 over the last three months.

About BP

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).

See Also: Return on Investment (ROI)

Analyst Recommendations for BP (LON:BP)

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply