UBS AG set a GBX 525 ($6.93) target price on BP plc (LON:BP) in a research note released on Wednesday morning. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

A number of other research firms have also recently weighed in on BP. J P Morgan Chase & Co set a GBX 500 ($6.60) target price on shares of BP plc and gave the company a buy rating in a research note on Thursday, August 31st. Barclays PLC restated an overweight rating and set a GBX 675 ($8.91) target price on shares of BP plc in a research note on Monday, September 25th. Macquarie restated an underperform rating and set a GBX 400 ($5.28) target price on shares of BP plc in a research note on Thursday, October 26th. Deutsche Bank AG restated a buy rating and set a GBX 520 ($6.86) target price on shares of BP plc in a research note on Wednesday, October 4th. Finally, HSBC Holdings plc set a GBX 565 ($7.46) target price on shares of BP plc and gave the company a buy rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. BP plc has a consensus rating of Hold and a consensus target price of GBX 531.59 ($7.01).

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The company also recently declared a dividend, which will be paid on Thursday, December 21st. Investors of record on Thursday, November 9th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, November 9th. This represents a yield of 1.47%.

In related news, insider Brian Gilvary acquired 70 shares of the stock in a transaction on Monday, September 11th. The stock was bought at an average cost of GBX 446 ($5.89) per share, with a total value of £312.20 ($411.98). Over the last three months, insiders acquired 201 shares of company stock valued at $93,730.

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.

Analyst Recommendations for BP plc (LON:BP)

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