Kepler Capital Markets Boosts BP plc (BP) Price Target to GBX 505
BP plc (LON:BP) had its price target hoisted by Kepler Capital Markets from GBX 485 ($6.40) to GBX 505 ($6.66) in a research report released on Wednesday. Kepler Capital Markets currently has a hold rating on the oil and gas exploration company’s stock.
Other analysts also recently issued reports about the company. Canaccord Genuity reduced their price objective on BP plc from GBX 525 ($6.93) to GBX 510 ($6.73) and set a buy rating on the stock in a research report on Friday, July 21st. HSBC Holdings plc restated a buy rating and issued a GBX 565 ($7.46) price objective on shares of BP plc in a research report on Wednesday, July 19th. J P Morgan Chase & Co set a GBX 530 ($6.99) price objective on BP plc and gave the company a buy rating in a research report on Wednesday, July 5th. Deutsche Bank AG reduced their price objective on BP plc from GBX 515 ($6.80) to GBX 505 ($6.66) and set a buy rating on the stock in a research report on Wednesday, July 5th. Finally, UBS Group AG (USA) set a GBX 525 ($6.93) price objective on BP plc and gave the company a buy rating in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 535.25 ($7.06).
BP plc (LON:BP) traded up GBX 2.80 ($0.04) on Wednesday, hitting GBX 516.80 ($6.82). 24,993,131 shares of the company were exchanged.
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The company also recently declared 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. The ex-dividend date of this dividend is Thursday, November 9th. This represents a yield of 1.47%.
In other news, insider Brian Gilvary purchased 70 shares of the company’s stock in a transaction on Monday, September 11th. The stock was bought at an average cost of GBX 446 ($5.89) per share, for a total transaction of £312.20 ($411.98). Insiders have acquired 201 shares of company stock valued at $93,730 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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