JPMorgan Chase & Co. Analysts Give BP (LON:BP) a GBX 600 Price Target

JPMorgan Chase & Co. set a GBX 600 ($7.89) price target on BP (LON:BP) in a report issued on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the oil and gas exploration company’s stock.

A number of other research analysts have also commented on BP. HSBC cut their price target on BP from GBX 600 ($7.89) to GBX 595 ($7.83) and set a buy rating for the company in a report on Wednesday. Barclays restated a buy rating and set a GBX 650 ($8.55) price objective on shares of BP in a research report on Tuesday, February 11th. Credit Suisse Group lowered their price objective on BP from GBX 605 ($7.96) to GBX 570 ($7.50) and set a neutral rating on the stock in a research report on Wednesday, February 5th. UBS Group restated a buy rating on shares of BP in a research report on Thursday. Finally, Citigroup restated a buy rating on shares of BP in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of GBX 601.47 ($7.91).

Shares of BP stock opened at GBX 456.85 ($6.01) on Thursday. BP has a 12 month low of GBX 4.69 ($0.06) and a 12 month high of GBX 583.40 ($7.67). The firm has a market cap of $92.53 billion and a PE ratio of 23.19. The stock has a 50 day moving average of GBX 482.31 and a 200-day moving average of GBX 495.57. The company has a quick ratio of 0.66, a current ratio of 1.12 and a debt-to-equity ratio of 76.90.

The company also recently disclosed a dividend, which will be paid on Friday, March 27th. Stockholders of record on Thursday, February 13th will be given 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 payout ratio is currently 1.62%.

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

BP Company Profile

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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