BP plc (BP) Price Target Raised to GBX 500
BP plc (LON:BP) had its price objective upped by Goldman Sachs Group Inc from GBX 480 ($6.46) to GBX 500 ($6.72) in a report published on Friday morning, MarketBeat.com reports. They currently have a neutral rating on the oil and gas exploration company’s stock.
Several other equities research analysts have also recently issued reports on BP. Barclays PLC reissued an overweight rating and issued a GBX 625 ($8.41) target price on shares of BP plc in a research report on Tuesday, May 30th. Royal Bank Of Canada reissued a sector performer rating and issued a GBX 470 ($6.32) target price on shares of BP plc in a research report on Friday, June 2nd. UBS AG set a GBX 525 ($7.06) target price on shares of BP plc and gave the stock a buy rating in a research report on Tuesday, June 6th. Deutsche Bank AG reissued a buy rating and issued a GBX 515 ($6.93) target price on shares of BP plc in a research report on Thursday, June 8th. Finally, J P Morgan Chase & Co reissued an overweight rating and issued a GBX 530 ($7.13) target price on shares of BP plc in a research report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. BP plc presently has an average rating of Hold and an average target price of GBX 507.64 ($6.83).
Shares of BP plc (LON:BP) opened at 472.40 on Friday. The stock’s market capitalization is GBX 91.83 billion. BP plc has a 1-year low of GBX 426.30 and a 1-year high of GBX 521.20. The stock has a 50 day moving average of GBX 449.85 and a 200-day moving average of GBX 455.83.
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The firm also recently declared a dividend, which was paid on Friday, September 22nd. Investors of record on Thursday, August 10th were issued a $0.10 dividend. The ex-dividend date was Thursday, August 10th. This represents a yield of 1.64%.
In other news, insider Brian Gilvary acquired 70 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were bought at an average price of GBX 446 ($6.00) per share, for a total transaction of £312.20 ($419.85). Insiders purchased 208 shares of company stock worth $94,192 in the last 90 days.
About BP plc
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.
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