UBS AG set a GBX 525 ($6.82) price target on BP plc (LON:BP) in a research note published on Wednesday, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.
BP has been the subject of several other research reports. Morgan Stanley set a GBX 515 ($6.69) price objective on BP plc and gave the stock a buy rating in a report on Monday, April 24th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a GBX 480 ($6.23) price objective on shares of BP plc in a report on Thursday, July 13th. Deutsche Bank AG set a GBX 515 ($6.69) price objective on BP plc and gave the stock a buy rating in a report on Wednesday, May 24th. Canaccord Genuity reiterated a buy rating and issued a GBX 525 ($6.82) price objective on shares of BP plc in a report on Wednesday, May 3rd. Finally, Barclays PLC reiterated an overweight rating and issued a GBX 675 ($8.76) price objective on shares of BP plc in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 506.50 ($6.58).
BP plc (LON BP) opened at 440.00 on Wednesday. The firm’s market capitalization is GBX 86.85 billion. The company has a 50 day moving average price of GBX 449.47 and a 200-day moving average price of GBX 457.84. BP plc has a 1-year low of GBX 411.60 and a 1-year high of GBX 521.20.
The firm also recently disclosed a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 10th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 1.64%.
In other BP plc news, insider Brian Gilvary acquired 70 shares of the stock in a transaction dated Monday, July 10th. The shares were acquired at an average cost of GBX 444 ($5.76) per share, for a total transaction of £310.80 ($403.48). Insiders bought 206 shares of company stock worth $94,796 over the last 90 days.
BP plc Company Profile
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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