UBS AG set a GBX 525 ($6.93) target price on BP plc (LON:BP) in a research note published on Wednesday morning, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.
Other analysts have also issued research reports about the stock. Citigroup Inc. restated a neutral rating and set a GBX 480 ($6.33) price target on shares of BP plc in a research report on Wednesday. Barclays PLC restated an overweight rating and set a GBX 675 ($8.91) price target on shares of BP plc in a research report on Wednesday. Goldman Sachs Group, Inc. (The) set a GBX 520 ($6.86) price target on shares of BP plc and gave the company a neutral rating in a research report on Wednesday. HSBC Holdings plc raised their price target on shares of BP plc from GBX 565 ($7.46) to GBX 600 ($7.92) and gave the company a buy rating in a research report on Wednesday. Finally, J P Morgan Chase & Co restated an overweight rating and set a GBX 540 ($7.13) price target on shares of BP plc in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of GBX 535.25 ($7.06).
Shares of BP plc (BP) opened at GBX 516.80 ($6.82) on Wednesday. BP plc has a 12 month low of GBX 432.15 ($5.70) and a 12 month high of GBX 522.21 ($6.89).
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The company also recently announced a dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.10 per share. This represents a yield of 1.47%. The ex-dividend date of this dividend is Thursday, November 9th.
In other news, insider Brian Gilvary bought 70 shares of BP plc stock in a transaction on Monday, September 11th. The shares were bought at an average cost of GBX 446 ($5.89) per share, with a total value of £312.20 ($411.98). Insiders have acquired 201 shares of company stock worth $93,730 over the last ninety days.
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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