BP (BP) Given “Overweight” Rating at Barclays

Barclays reissued their overweight rating on shares of BP (LON:BP) in a research report report published on Tuesday morning.

BP has been the topic of several other research reports. Goldman Sachs Group set a GBX 730 ($9.54) target price on BP and gave the company a buy rating in a research note on Monday, October 1st. UBS Group reiterated a buy rating and set a GBX 610 ($7.97) price target on shares of BP in a report on Friday, July 27th. Kepler Capital Markets reiterated a buy rating on shares of BP in a report on Wednesday, July 4th. Royal Bank of Canada set a GBX 675 ($8.82) price target on BP and gave the company a buy rating in a report on Monday, July 2nd. Finally, Credit Suisse Group set a GBX 640 ($8.36) price target on BP and gave the company a buy rating in a report on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. BP has an average rating of Buy and a consensus target price of GBX 632.73 ($8.27).

LON:BP opened at GBX 566.90 ($7.41) on Tuesday. BP has a fifty-two week low of GBX 436.95 ($5.71) and a fifty-two week high of GBX 536.20 ($7.01).

The business also recently announced a dividend, which will be paid on Friday, December 21st. Investors of record on Thursday, November 8th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a yield of 1.44%.

In related news, insider Brian Gilvary bought 53 shares of BP stock in a transaction that occurred on Wednesday, October 10th. The stock was purchased at an average cost of GBX 579 ($7.57) per share, for a total transaction of £306.87 ($400.98). Over the last 90 days, insiders purchased 169 shares of company stock valued at $94,545.

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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