BP (LON:BP) Downgraded by Credit Suisse Group to Neutral

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Credit Suisse Group downgraded shares of BP (LON:BP) from an outperform rating to a neutral rating in a report published on Wednesday, Borsen Zeitung reports. They currently have GBX 605 ($7.91) price target on the oil and gas exploration company’s stock.

Several other research firms have also commented on BP. Barclays reaffirmed a buy rating on shares of Alphabet in a research report on Tuesday, April 30th. Societe Generale reaffirmed a hold rating on shares of KONE OYJ/ADR in a research report on Thursday, May 2nd. Jefferies Financial Group reaffirmed a buy rating and set a C$15.00 price target on shares of Aphria in a research report on Friday, May 24th. Goldman Sachs Group set a €152.00 ($176.74) price target on Aena SME and gave the stock a sell rating in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price target on Weight Watchers International from $12.00 to $14.00 and gave the stock an underweight rating in a research report on Tuesday, April 30th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of GBX 648.53 ($8.47).

BP traded up GBX 0.10 ($0.00) during trading on Wednesday, hitting GBX 545.80 ($7.13). 16,087,425 shares of the stock were exchanged, compared to its average volume of 35,510,000. The company has a market cap of $111.36 billion and a price-to-earnings ratio of 11.18. BP has a 1-year low of GBX 481.35 ($6.29) and a 1-year high of GBX 603.20 ($7.88). The company’s fifty day simple moving average is GBX 546.31. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 87.27.

The business also recently announced a dividend, which was paid on Friday, June 21st. Stockholders of record on Thursday, May 9th were issued a $0.10 dividend. This represents a dividend yield of 1.43%. The ex-dividend date was Thursday, May 9th. BP’s payout ratio is currently 0.66%.

In related news, insider Brian Gilvary bought 58 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of GBX 552 ($7.21) per share, with a total value of £320.16 ($418.35). In the last three months, insiders bought 174 shares of company stock worth $94,192.

BP Company Profile

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).

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Analyst Recommendations for BP (LON:BP)

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