Barclays PLC Reiterates “Overweight” Rating for BP plc (BP)
Barclays PLC reissued their overweight rating on shares of BP plc (LON:BP) in a report released on Tuesday. Barclays PLC currently has a GBX 675 ($8.97) price target on the oil and gas exploration company’s stock.
Several other research firms have also recently issued reports on BP. HSBC Holdings plc set a GBX 565 ($7.51) target price on BP plc and gave the stock a buy rating in a research report on Friday, October 13th. Canaccord Genuity boosted their target price on BP plc from GBX 510 ($6.78) to GBX 530 ($7.04) and gave the stock a buy rating in a research report on Wednesday, October 11th. Royal Bank Of Canada reiterated a sector performer rating and set a GBX 500 ($6.64) target price on shares of BP plc in a research report on Thursday, October 12th. Deutsche Bank AG restated a buy rating and issued a GBX 520 ($6.91) price target on shares of BP plc in a report on Wednesday, October 4th. Finally, Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a GBX 500 ($6.64) price target on shares of BP plc in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. BP plc has an average rating of Hold and an average target price of GBX 514.23 ($6.83).
Shares of BP plc (BP) opened at 491.90 on Tuesday. The firm has a 50-day moving average price of GBX 469.59 and a 200 day moving average price of GBX 459.59. The firm’s market capitalization is GBX 96.84 billion. BP plc has a one year low of GBX 432.15 and a one year high of GBX 521.20.
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The firm also recently declared a dividend, which was paid on Friday, September 22nd. Shareholders of record on Thursday, August 10th were paid a dividend of $0.10 per share. This represents a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, August 10th.
In other news, insider Brian Gilvary bought 70 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average cost of GBX 446 ($5.93) per share, with a total value of £312.20 ($414.83). Insiders purchased a total of 201 shares of company stock worth $93,730 over the last ninety 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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