BP plc (BP) Earns “Outperform” Rating from Credit Suisse Group
Credit Suisse Group restated their outperform rating on shares of BP plc (LON:BP) in a report published on Thursday morning. The firm currently has a GBX 575 ($7.56) price objective on the oil and gas exploration company’s stock.
Several other research firms have also commented on BP. J P Morgan Chase & Co set a GBX 500 ($6.58) price target on shares of BP plc and gave the stock a buy rating in a research report on Thursday, August 31st. Barclays PLC restated an overweight rating and set a GBX 675 ($8.88) price target on shares of BP plc in a research report on Monday, September 25th. Macquarie restated an underperform rating and set a GBX 400 ($5.26) price target on shares of BP plc in a research report on Thursday, October 26th. UBS AG set a GBX 525 ($6.91) target price on shares of BP plc and gave the company a buy rating in a research report on Friday, September 15th. Finally, Deutsche Bank AG reiterated a buy rating and issued a GBX 520 ($6.84) target price on shares of BP plc in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 539.50 ($7.10).
BP plc (BP) traded down GBX 7.70 ($0.10) during trading on Thursday, hitting GBX 506.90 ($6.67). 24,431,441 shares of the stock traded hands, compared to its average volume of 26,800,000. BP plc has a fifty-two week low of GBX 432.15 ($5.68) and a fifty-two week high of GBX 529 ($6.96).
The company also recently disclosed a dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.10 per share. This represents a yield of 1.47%. The ex-dividend date is Thursday, November 9th.
In related news, insider Brian Gilvary purchased 70 shares of BP plc stock in a transaction dated Monday, September 11th. The stock was acquired at an average cost of GBX 446 ($5.87) per share, with a total value of £312.20 ($410.63).
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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