BP plc’s (BP) Neutral Rating Reiterated at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) reaffirmed their neutral rating on shares of BP plc (LON:BP) in a research note released on Monday morning. The firm currently has a GBX 500 ($6.63) price target on the oil and gas exploration company’s stock.
Several other equities analysts have also weighed in on BP. UBS AG set a GBX 525 ($6.96) price objective on BP plc and gave the company a buy rating in a research note on Monday, June 12th. Barclays PLC reaffirmed an overweight rating and issued a GBX 675 ($8.95) price objective on shares of BP plc in a research note on Tuesday, August 15th. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 500 ($6.63) price objective on shares of BP plc in a research note on Wednesday, September 27th. Credit Suisse Group set a GBX 530 ($7.03) price objective on BP plc and gave the company a buy rating in a research note on Thursday, August 3rd. Finally, Morgan Stanley reaffirmed an overweight rating and issued a GBX 510 ($6.76) price objective on shares of BP plc in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 510.14 ($6.77).
Shares of BP plc (LON:BP) opened at 487.35 on Monday. The stock’s market capitalization is GBX 95.94 billion. The firm’s 50-day moving average is GBX 454.64 and its 200-day moving average is GBX 456.80. BP plc has a 52 week low of GBX 4.80 and a 52 week high of GBX 521.20.
The business also recently disclosed a dividend, which was paid on Friday, September 22nd. Investors of record on Thursday, August 10th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a yield of 1.64%.
In related news, insider Brian Gilvary acquired 68 shares of BP plc stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of GBX 469 ($6.22) per share, for a total transaction of £318.92 ($423.03). Insiders have purchased a total of 208 shares of company stock valued at $94,192 in 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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