BP p.l.c. (LON:BP – Get Free Report) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 645 ($8.24).
BP has been the topic of a number of analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 550 ($7.02) price objective on shares of BP in a report on Wednesday, July 31st. Bank of America reaffirmed a “neutral” rating and set a GBX 500 ($6.38) price objective on shares of BP in a report on Monday, April 22nd. Morgan Stanley reissued an “overweight” rating on shares of BP in a report on Tuesday, May 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 650 ($8.30) price target on shares of BP in a research note on Tuesday, June 18th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 510 ($6.51) price objective on shares of BP in a research note on Monday, August 5th.
View Our Latest Analysis on BP
Insider Buying and Selling at BP
BP Stock Down 0.5 %
Shares of LON:BP opened at GBX 441.25 ($5.63) on Friday. BP has a fifty-two week low of GBX 389.77 ($4.98) and a fifty-two week high of GBX 562.30 ($7.18). The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 79.91. The firm’s 50-day simple moving average is GBX 458.32 and its 200-day simple moving average is GBX 479.73. The company has a market cap of £72.50 billion, a price-to-earnings ratio of 1,337.12, a PEG ratio of 0.35 and a beta of 0.52.
BP Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 8th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, August 8th. This represents a yield of 1.37%. This is a boost from BP’s previous dividend of $0.07. BP’s payout ratio is presently 6,969.70%.
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.
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