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

Shares of BP p.l.c. (LON:BP) have received a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 605 ($7.60).

Several research analysts recently weighed in on BP shares. Berenberg Bank reduced their price objective on shares of BP from GBX 470 ($5.91) to GBX 440 ($5.53) and set a “hold” rating on the stock in a research note on Friday, November 29th. Bank of America reissued a “buy” rating and set a GBX 500 ($6.28) price target on shares of BP in a research report on Wednesday, September 4th. Jefferies Financial Group restated a “buy” rating and issued a GBX 540 ($6.79) price objective on shares of BP in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BP in a report on Tuesday, September 24th.

BP Price Performance

Shares of BP opened at GBX 379.05 ($4.76) on Friday. The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 79.91. The stock has a market cap of £60.08 billion, a P/E ratio of 1,148.64, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The stock’s 50-day moving average price is GBX 387.69 and its two-hundred day moving average price is GBX 421.74. BP has a 1 year low of GBX 379.70 ($4.77) and a 1 year high of GBX 562.30 ($7.07).

BP Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 7th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a yield of 1.54%. BP’s dividend payout ratio is 6,969.70%.

Insider Transactions at BP

In other news, insider Murray Auchincloss acquired 95 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of GBX 394 ($4.95) per share, with a total value of £374.30 ($470.40). Insiders have purchased a total of 200 shares of company stock worth $76,760 in the last 90 days. Corporate 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.