BP (LON:BP) Price Target Raised to GBX 440

BP (LON:BP) had its price target increased by JPMorgan Chase & Co. from GBX 425 ($5.20) to GBX 440 ($5.38) in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have an underweight rating on the oil and gas exploration company’s stock.

Several other research analysts also recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 540 ($6.61) target price on shares of BP in a report on Monday, December 16th. Berenberg Bank reduced their price objective on BP from GBX 470 ($5.75) to GBX 440 ($5.38) and set a “hold” rating on the stock in a research note on Friday, November 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 595 ($7.28).

BP Trading Up 0.7 %

Shares of BP stock opened at GBX 423 ($5.18) on Tuesday. BP has a 12-month low of GBX 379.70 ($4.65) and a 12-month high of GBX 562.30 ($6.88). The stock has a market capitalization of £67.05 billion, a P/E ratio of 1,281.82, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The company has a 50-day simple moving average of GBX 390.25 and a 200 day simple moving average of GBX 413.13. The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 79.91.

BP Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a yield of 1.54%. BP’s dividend payout ratio is currently 6,969.70%.

Insider Buying and Selling at BP

In related news, insider Murray Auchincloss acquired 88 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was acquired at an average cost of GBX 423 ($5.18) per share, with a total value of £372.24 ($455.45). In the last three months, insiders have acquired 283 shares of company stock worth $111,954. Company insiders own 0.26% of the company’s stock.

BP Company Profile

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.