BP plc’s (BP) “Market Perform” Rating Reaffirmed at Raymond James Financial, Inc.

Raymond James Financial, Inc. restated their market perform rating on shares of BP plc (LON:BP) in a research report report published on Tuesday, July 25th.

A number of other research analysts have also issued reports on BP. BNP Paribas restated an outperform rating and set a GBX 560 ($7.27) target price on shares of BP plc in a research report on Tuesday, March 28th. Deutsche Bank AG upgraded shares of BP plc to a buy rating and set a GBX 505 ($6.56) target price on the stock in a research report on Tuesday, April 4th. UBS AG set a GBX 525 ($6.82) target price on shares of BP plc and gave the stock a buy rating in a research report on Tuesday, April 4th. Goldman Sachs Group, Inc. (The) restated a neutral rating and set a GBX 480 ($6.23) target price on shares of BP plc in a research report on Wednesday, April 5th. Finally, Jefferies Group LLC reiterated a hold rating on shares of BP plc in a research report on Thursday, April 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 506.50 ($6.58).

BP plc (BP) traded down 0.72% during midday trading on Tuesday, reaching GBX 440.00. The company had a trading volume of 23,037,083 shares. The firm’s market capitalization is GBX 86.85 billion. BP plc has a one year low of GBX 411.60 and a one year high of GBX 521.20. The stock’s 50 day moving average price is GBX 449.47 and its 200-day moving average price is GBX 457.84.

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

In related news, insider Brian Gilvary bought 68 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were purchased at an average cost of GBX 469 ($6.09) per share, for a total transaction of £318.92 ($414.02). Over the last 90 days, insiders have purchased 206 shares of company stock worth $94,796.

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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