BP (BP) Receives Average Recommendation of “Hold” from Brokerages

BP (LON:BP) has been given a consensus recommendation of “Hold” by the twenty-one ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 545 ($7.60).

BP has been the topic of a number of recent analyst reports. JPMorgan Chase set a GBX 560 ($7.81) price target on shares of BP and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 565 ($7.88) price target on shares of BP in a research note on Monday, January 29th. UBS set a GBX 550 ($7.67) target price on shares of BP and gave the company a “buy” rating in a research note on Wednesday, January 17th. Beaufort Securities reissued a “buy” rating and issued a GBX 560 ($7.81) target price on shares of BP in a research note on Tuesday, February 6th. Finally, Morgan Stanley set a GBX 645 ($9.00) target price on shares of BP and gave the company a “buy” rating in a research note on Wednesday, February 7th.

LON:BP opened at GBX 533.60 ($7.44) on Wednesday. BP has a fifty-two week low of GBX 436.95 ($6.09) and a fifty-two week high of GBX 536.20 ($7.48).

The company also recently declared a dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, February 15th were issued a dividend of $0.10 per share. This represents a yield of 1.54%. The ex-dividend date was Thursday, February 15th.

In related news, insider Brian Gilvary sold 103,138 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of GBX 474 ($6.61), for a total transaction of £488,874.12 ($681,832.80). Over the last ninety days, insiders have purchased 195 shares of company stock valued at $93,730.

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About BP

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

Analyst Recommendations for BP (LON:BP)

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