BP (BP) Given a GBX 550 Price Target by UBS Analysts

UBS set a GBX 550 ($7.40) price target on BP (LON:BP) in a research report sent to investors on Wednesday. The firm currently has a buy rating on the oil and gas exploration company’s stock.

A number of other research firms also recently commented on BP. J P Morgan Chase & Co set a GBX 500 ($6.73) price objective on BP and gave the company a buy rating in a report on Thursday, August 31st. Barclays reiterated an overweight rating and issued a GBX 675 ($9.08) price objective on shares of BP in a report on Monday, September 25th. Macquarie reiterated an underperform rating and issued a GBX 400 ($5.38) price objective on shares of BP in a report on Thursday, October 26th. Deutsche Bank reiterated a buy rating and issued a GBX 520 ($7.00) price objective on shares of BP in a report on Wednesday, October 4th. Finally, Morgan Stanley upped their price objective on BP from GBX 560 ($7.54) to GBX 595 ($8.01) and gave the company an overweight rating in a report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. BP presently has a consensus rating of Hold and an average target price of GBX 537.25 ($7.23).

BP (LON BP) traded up GBX 10.57 ($0.14) during midday trading on Wednesday, reaching GBX 519.27 ($6.99). The company had a trading volume of 14,925,552 shares, compared to its average volume of 29,110,000. BP has a fifty-two week low of GBX 436.95 ($5.88) and a fifty-two week high of GBX 529 ($7.12).

The company also recently disclosed a dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, November 9th will be given a dividend of $0.10 per share. 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 stock in a transaction that occurred on Tuesday, October 10th. The stock was purchased at an average cost of GBX 486 ($6.54) per share, with a total value of £306.18 ($412.09). Insiders have purchased 189 shares of company stock valued at $94,122 over the last three months.

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About BP

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 (LON:BP)

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