Jefferies Financial Group Analysts Give BP (LON:BP) a GBX 590 Price Target

Jefferies Financial Group set a GBX 590 ($7.76) target price on BP (LON:BP) in a report published on Thursday, Borsen Zeitung reports. The firm currently has a buy rating on the oil and gas exploration company’s stock.

Other equities analysts also recently issued research reports about the stock. Liberum Capital cut their price objective on shares of BP from GBX 560 ($7.37) to GBX 540 ($7.10) and set a buy rating for the company in a research report on Friday, February 7th. Berenberg Bank restated a hold rating and set a GBX 560 ($7.37) price objective on shares of BP in a research report on Tuesday, February 4th. Barclays reaffirmed a buy rating and set a GBX 650 ($8.55) price target on shares of BP in a research note on Tuesday, February 11th. Citigroup reaffirmed a buy rating on shares of BP in a research note on Wednesday, February 5th. Finally, Credit Suisse Group lowered their price target on shares of BP from GBX 605 ($7.96) to GBX 570 ($7.50) and set a neutral rating on the stock in a research note on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 601.47 ($7.91).

Shares of BP stock opened at GBX 456.85 ($6.01) on Thursday. The company has a market cap of $92.53 billion and a P/E ratio of 23.19. The company has a debt-to-equity ratio of 76.90, a quick ratio of 0.66 and a current ratio of 1.12. BP has a one year low of GBX 4.69 ($0.06) and a one year high of GBX 583.40 ($7.67). The firm has a fifty day moving average of GBX 482.31 and a two-hundred day moving average of GBX 495.57.

The business also recently declared a dividend, which will be paid on Friday, March 27th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, February 13th. This is a boost from BP’s previous dividend of $0.10. This represents a dividend yield of 1.78%. BP’s dividend payout ratio is 1.62%.

In other BP news, insider Brian Gilvary acquired 65 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of GBX 492 ($6.47) per share, with a total value of £319.80 ($420.68).

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).

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Analyst Recommendations for BP (LON:BP)

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