BP (LON:BP) Given a GBX 400 Price Target at Bank of America

Bank of America set a GBX 400 ($5.35) price target on BP (LON:BP) in a research report sent to investors on Tuesday, December 5th. The brokerage currently has a sell rating on the oil and gas exploration company’s stock.

Other analysts also recently issued research reports about the company. Goldman Sachs Group lifted their price objective on BP from GBX 480 ($6.42) to GBX 500 ($6.69) and gave the stock a neutral rating in a research note on Friday, September 22nd. UBS Group set a GBX 525 ($7.02) target price on BP and gave the company a buy rating in a research report on Thursday, August 10th. JPMorgan Chase & Co. set a GBX 500 ($6.69) target price on BP and gave the company a buy rating in a research report on Wednesday, August 9th. Citigroup restated a neutral rating and set a GBX 480 ($6.42) price objective on shares of BP in a report on Wednesday, November 1st. Finally, Barclays restated an overweight rating and set a GBX 675 ($9.03) price objective on shares of BP in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. BP presently has a consensus rating of Hold and a consensus price target of GBX 537.25 ($7.18).

Shares of BP (BP) traded up GBX 4.10 ($0.05) on Tuesday, reaching GBX 522.70 ($6.99). The company had a trading volume of 10,752,630 shares, compared to its average volume of 26,160,000. BP has a 52 week low of GBX 436.95 ($5.84) and a 52 week high of GBX 529 ($7.07). The company has a market cap of $103,230.00 and a P/E ratio of 3,484.67.

The company also recently announced a dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, November 9th were given a $0.10 dividend. The ex-dividend date was Thursday, November 9th. This represents a dividend yield of 1.47%.

In other BP news, insider Brian Gilvary bought 63 shares of the business’s stock in a transaction on Friday, November 10th. The stock was bought at an average price of GBX 515 ($6.89) per share, with a total value of £324.45 ($433.81). In the last ninety days, insiders purchased 189 shares of company stock valued at $94,122.

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About BP

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 (LON:BP)

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