BP (LON:BP) Lowered to Neutral at Credit Suisse Group

Credit Suisse Group cut shares of BP (LON:BP) from an outperform rating to a neutral rating in a report released on Wednesday morning, Borsen Zeitung reports. They currently have GBX 605 ($7.91) target price on the oil and gas exploration company’s stock.

Several other equities analysts have also issued reports on the company. Societe Generale reiterated a hold rating on shares of KONE OYJ/ADR in a research note on Thursday, May 2nd. Goldman Sachs Group set a €152.00 ($176.74) price target on Aena SME and gave the company a sell rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price target on Weight Watchers International from $12.00 to $14.00 and gave the company an underweight rating in a research note on Tuesday, April 30th. HSBC upgraded AU Optronics from a reduce rating to a hold rating in a research note on Wednesday. Finally, UBS Group lifted their price target on Spotify Technology from $180.00 to $182.00 and gave the company a buy rating in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 650 ($8.49).

Shares of LON BP opened at GBX 546 ($7.13) on Wednesday. The firm has a market cap of $111.34 billion and a PE ratio of 11.19. The company has a debt-to-equity ratio of 87.27, a current ratio of 1.02 and a quick ratio of 0.66. The firm has a fifty day moving average of GBX 546.35. BP has a fifty-two week low of GBX 481.35 ($6.29) and a fifty-two week high of GBX 603.20 ($7.88).

The company also recently disclosed a dividend, which was paid on Friday, June 21st. Investors of record on Thursday, May 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a yield of 1.43%. BP’s dividend payout ratio is currently 0.66%.

In other news, insider Brian Gilvary acquired 58 shares of BP stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of GBX 552 ($7.21) per share, for a total transaction of £320.16 ($418.35). Insiders have purchased a total of 174 shares of company stock worth $94,192 in the last 90 days.

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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