Credit Suisse Group reissued their outperform rating on shares of BP plc (LON:BP) in a research note released on Thursday morning. The brokerage currently has a GBX 575 ($7.56) price objective on the oil and gas exploration company’s stock.
BP has been the topic of a number of other research reports. Barclays PLC reiterated an overweight rating on shares of BP plc in a research report on Monday, July 31st. J P Morgan Chase & Co set a GBX 500 ($6.58) price target on shares of BP plc and gave the company a buy rating in a research report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) boosted their price target on shares of BP plc from GBX 480 ($6.31) to GBX 500 ($6.58) and gave the company a neutral rating in a research report on Friday, September 22nd. UBS AG set a GBX 525 ($6.91) price objective on shares of BP plc and gave the stock a buy rating in a research note on Tuesday, August 1st. Finally, Raymond James Financial, Inc. reissued a market perform rating on shares of BP plc in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of GBX 539.50 ($7.10).
Shares of BP plc (LON BP) remained flat at $GBX 506.90 ($6.67) during midday trading on Thursday. 22,130,417 shares of the stock were exchanged, compared to its average volume of 26,870,000. BP plc has a fifty-two week low of GBX 432.15 ($5.68) and a fifty-two week high of GBX 529 ($6.96).
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The company also recently announced a dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 9th will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 9th. This represents a dividend yield of 1.47%.
In related news, insider Brian Gilvary purchased 63 shares of BP plc stock in a transaction that occurred on Tuesday, October 10th. The shares were bought at an average price of GBX 486 ($6.39) per share, with a total value of £306.18 ($402.71).
About BP plc
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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