Analysts Set BP p.l.c. (LON:BP) Price Target at GBX 605

BP p.l.c. (LON:BP - Get Free Report) has been given a consensus recommendation of "Hold" by the eight brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 605 ($7.48).

A number of equities analysts have issued reports on BP shares. Jefferies Financial Group reissued a "buy" rating and issued a GBX 540 ($6.67) target price on shares of BP in a report on Monday, December 16th. JPMorgan Chase & Co. restated an "underweight" rating on shares of BP in a research report on Tuesday, September 24th. Finally, Berenberg Bank dropped their target price on BP from GBX 470 ($5.81) to GBX 440 ($5.44) and set a "hold" rating on the stock in a research report on Friday, November 29th.

Insider Activity at BP

In other news, insider Murray Auchincloss bought 95 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was purchased at an average cost of GBX 394 ($4.87) per share, for a total transaction of £374.30 ($462.67). Insiders have purchased a total of 200 shares of company stock worth $76,760 over the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

BP Stock Up 1.9 %

LON:BP traded up GBX 7.95 ($0.10) during mid-day trading on Wednesday, reaching GBX 422 ($5.22). The stock had a trading volume of 41,164,489 shares, compared to its average volume of 8,560,774. The stock's 50 day simple moving average is GBX 384.92 and its two-hundred day simple moving average is GBX 414.78. BP has a 1-year low of GBX 379.70 ($4.69) and a 1-year high of GBX 562.30 ($6.95). The company has a market capitalization of £66.89 billion, a price-to-earnings ratio of 1,278.79, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 79.91, a current ratio of 1.24 and a quick ratio of 0.62.

BP Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.08 per share. This represents a dividend yield of 1.54%. The ex-dividend date was Thursday, November 7th. BP's dividend payout ratio (DPR) is 6,969.70%.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.