BP p.l.c. (LON:BP) Receives GBX 618 Average PT from Analysts

Shares of BP p.l.c. (LON:BP) have been given an average recommendation of “Hold” by the eight brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is GBX 605 ($7.61).

Several analysts have weighed in on the stock. Bank of America reaffirmed a “buy” rating and set a GBX 500 ($6.29) price objective on shares of BP in a research note on Wednesday, September 4th. Jefferies Financial Group restated a “buy” rating and set a GBX 540 ($6.79) price target on shares of BP in a research report on Monday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BP in a research report on Tuesday, September 24th. Finally, Berenberg Bank decreased their target price on BP from GBX 470 ($5.91) to GBX 440 ($5.53) and set a “hold” rating on the stock in a report on Friday, November 29th.

BP Stock Up 0.9 %

BP opened at GBX 383.40 ($4.82) on Friday. The firm has a market cap of £60.77 billion, a price-to-earnings ratio of 1,161.82, a PEG ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 79.91, a quick ratio of 0.62 and a current ratio of 1.24. The firm’s 50-day simple moving average is GBX 388.79 and its 200-day simple moving average is GBX 422.77. BP has a twelve month low of GBX 379.70 ($4.77) and a twelve month high of GBX 562.30 ($7.07).

BP Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 7th will be given a $0.08 dividend. The ex-dividend date is Thursday, November 7th. This represents a yield of 1.54%. BP’s payout ratio is 6,969.70%.

Insider Buying and Selling at BP

In related news, insider Murray Auchincloss purchased 95 shares of BP stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average cost of GBX 394 ($4.95) per share, for a total transaction of £374.30 ($470.58). In the last three months, insiders have acquired 200 shares of company stock worth $76,760. Company insiders own 0.26% of the company’s stock.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.