BP (LON:BP) PT Set at GBX 600 by JPMorgan Chase & Co.

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

Other equities analysts have also issued research reports about the company. Sanford C. Bernstein set a GBX 710 ($9.34) price objective on BP and gave the stock a buy rating in a report on Tuesday, October 29th. Liberum Capital dropped their price objective on BP from GBX 560 ($7.37) to GBX 540 ($7.10) and set a buy rating on the stock in a report on Friday, February 7th. Goldman Sachs Group set a GBX 750 ($9.87) price objective on BP and gave the stock a buy rating in a report on Tuesday, February 4th. UBS Group reaffirmed a buy rating on shares of BP in a report on Thursday. Finally, Barclays reaffirmed a buy rating and set a GBX 650 ($8.55) price objective on shares of BP in a report on Tuesday. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 601.47 ($7.91).

LON:BP traded down GBX 3.10 ($0.04) during trading hours on Thursday, hitting GBX 456.85 ($6.01). The company’s stock had a trading volume of 23,380,830 shares, compared to its average volume of 35,510,000. The stock has a fifty day moving average of GBX 482.31 and a 200-day moving average of GBX 495.57. The stock has a market capitalization of $93.73 billion and a P/E ratio of 23.19. BP has a 52-week low of GBX 4.69 ($0.06) and a 52-week high of GBX 583.40 ($7.67). The company has a current ratio of 1.12, a quick ratio of 0.66 and a debt-to-equity ratio of 76.90.

The company also recently disclosed a dividend, which will be paid on Friday, March 27th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.11 per share. This is a positive change from BP’s previous dividend of $0.10. The ex-dividend date is Thursday, February 13th. This represents a dividend yield of 1.78%. BP’s dividend payout ratio (DPR) is presently 1.62%.

In related news, insider Brian Gilvary purchased 65 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average price 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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