HSBC Holdings plc reaffirmed their buy rating on shares of BP plc (LON:BP) in a report published on Wednesday morning. The brokerage currently has a GBX 565 ($7.38) price objective on the oil and gas exploration company’s stock.
BP has been the topic of several other reports. Canaccord Genuity reissued a buy rating and set a GBX 525 ($6.86) price target on shares of BP plc in a research report on Wednesday, May 3rd. Royal Bank Of Canada reissued a sector performer rating and set a GBX 470 ($6.14) price target on shares of BP plc in a research report on Tuesday, May 2nd. Deutsche Bank AG reissued a buy rating and set a GBX 515 ($6.72) price target on shares of BP plc in a research report on Thursday, June 8th. Morgan Stanley reissued an overweight rating and set a GBX 510 ($6.66) price target on shares of BP plc in a research report on Monday, July 17th. Finally, Societe Generale reissued a buy rating and set a GBX 580 ($7.57) price target on shares of BP plc in a research report on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 509.23 ($6.65).
Shares of BP plc (LON:BP) opened at 446.30 on Wednesday. The firm’s market cap is GBX 87.76 billion. The stock’s 50 day moving average is GBX 455.17 and its 200 day moving average is GBX 465.24. BP plc has a 12 month low of GBX 408.63 and a 12 month high of GBX 521.20.
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The business also recently disclosed a dividend, which was paid on Friday, June 23rd. Investors of record on Thursday, May 11th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a yield of 1.71%.
In related news, insider Brian Gilvary acquired 68 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was purchased at an average cost of GBX 468 ($6.11) per share, for a total transaction of £318.24 ($415.57). Over the last 90 days, insiders have purchased 206 shares of company stock valued at $93,912.
BP plc Company Profile
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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