BP (BP) Price Target Cut to GBX 530 by Analysts at Kepler Capital Markets

BP (LON:BP) had its price objective decreased by Kepler Capital Markets from GBX 535 ($7.56) to GBX 530 ($7.49) in a research report report published on Friday. Kepler Capital Markets currently has a hold rating on the oil and gas exploration company’s stock.

BP has been the subject of several other reports. Macquarie set a GBX 450 ($6.36) target price on BP and gave the stock a sell rating in a research report on Thursday, January 11th. Jefferies Group increased their price target on BP from GBX 500 ($7.07) to GBX 520 ($7.35) and gave the stock a hold rating in a report on Wednesday, December 20th. Barclays reiterated an overweight rating on shares of BP in a report on Monday, April 9th. UBS set a GBX 550 ($7.77) price target on BP and gave the stock a buy rating in a report on Tuesday, December 26th. Finally, Royal Bank of Canada set a GBX 550 ($7.77) price target on BP and gave the stock a neutral rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. BP has an average rating of Hold and an average price target of GBX 553.16 ($7.82).

Shares of LON:BP opened at GBX 504.30 ($7.13) on Friday. BP has a 12-month low of GBX 436.95 ($6.18) and a 12-month high of GBX 536.20 ($7.58).

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

In other news, insider Brian Gilvary bought 65 shares of BP stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of GBX 470 ($6.64) per share, for a total transaction of £305.50 ($431.80). Over the last 90 days, insiders bought 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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