BP plc (LON:BP) Rating Reiterated by Credit Suisse Group

Credit Suisse Group restated their outperform rating on shares of BP plc (LON:BP) in a research note published on Friday, September 1st. The brokerage currently has a GBX 530 ($6.84) price target on the oil and gas exploration company’s stock.

BP has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a GBX 480 ($6.20) price target on shares of BP plc in a report on Thursday, July 13th. Deutsche Bank AG set a GBX 515 ($6.65) price target on shares of BP plc and gave the company a buy rating in a report on Wednesday, May 24th. UBS AG set a GBX 525 ($6.78) price target on shares of BP plc and gave the company a buy rating in a report on Monday, June 19th. Barclays PLC reaffirmed an overweight rating and set a GBX 675 ($8.72) price target on shares of BP plc in a report on Thursday, July 13th. Finally, J P Morgan Chase & Co lowered their price target on shares of BP plc from GBX 530 ($6.84) to GBX 500 ($6.46) and set an overweight rating for the company in a report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. BP plc currently has an average rating of Hold and an average price target of GBX 506.73 ($6.54).

BP plc (LON BP) opened at 448.25 on Friday. The company’s market cap is GBX 88.25 billion. The company has a 50-day moving average price of GBX 449.35 and a 200 day moving average price of GBX 455.94. BP plc has a 52 week low of GBX 411.60 and a 52 week high of GBX 521.20.

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The business also recently declared a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 1.64%.

In related news, insider Brian Gilvary purchased 68 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of GBX 469 ($6.06) per share, for a total transaction of £318.92 ($411.88). Insiders have acquired a total of 208 shares of company stock worth $94,192 over the last 90 days.

BP plc Company Profile

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.

Analyst Recommendations for BP plc (LON:BP)

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