Brokerages Set BP p.l.c. (LON:BP) PT at GBX 605

BP p.l.c. (LON:BP) has been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 595 ($7.26).

Several analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of BP from GBX 425 ($5.19) to GBX 440 ($5.37) and gave the company an “underweight” rating in a research report on Tuesday. Berenberg Bank lowered their price target on shares of BP from GBX 470 ($5.74) to GBX 440 ($5.37) and set a “hold” rating on the stock in a research note on Friday, November 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 540 ($6.59) price objective on shares of BP in a research note on Monday, December 16th.

BP Trading Down 2.5 %

LON BP opened at GBX 420.25 ($5.13) on Wednesday. The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 79.91. BP has a 52 week low of GBX 379.70 ($4.64) and a 52 week high of GBX 562.30 ($6.86). The stock has a market capitalization of £66.61 billion, a PE ratio of 1,273.48, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The firm has a 50 day moving average of GBX 389.55 and a two-hundred day moving average of GBX 413.08.

BP Dividend Announcement

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

Insider Buying and Selling

In related news, insider Murray Auchincloss acquired 95 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was purchased at an average cost of GBX 394 ($4.81) per share, for a total transaction of £374.30 ($456.96). Over the last quarter, insiders have bought 283 shares of company stock worth $111,954. 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.