BP plc’s (BP) “Outperform” Rating Reaffirmed at Credit Suisse Group

Credit Suisse Group reaffirmed their outperform rating on shares of BP plc (LON:BP) in a research note issued to investors on Thursday morning. The firm currently has a GBX 575 ($7.56) price objective on the oil and gas exploration company’s stock.

A number of other equities analysts also recently issued reports on BP. Morgan Stanley increased their price objective on shares of BP plc from GBX 560 ($7.37) to GBX 595 ($7.83) and gave the company an overweight rating in a research note on Tuesday. Barclays PLC reiterated an overweight rating and set a GBX 675 ($8.88) price objective on shares of BP plc in a research note on Tuesday, August 15th. UBS AG set a GBX 525 ($6.91) price objective on shares of BP plc and gave the company a buy rating in a research note on Thursday, August 10th. Kepler Capital Markets increased their price objective on shares of BP plc from GBX 485 ($6.38) to GBX 505 ($6.64) and gave the company a hold rating in a research note on Wednesday, November 1st. Finally, J P Morgan Chase & Co set a GBX 500 ($6.58) price objective on shares of BP plc and gave the company a buy rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. BP plc presently has an average rating of Buy and a consensus price target of GBX 539.50 ($7.10).

Shares of BP plc (LON BP) traded down GBX 7.70 ($0.10) during mid-day trading on Thursday, reaching GBX 506.90 ($6.67). 24,431,441 shares of the company’s stock were exchanged, compared to its average volume of 26,800,000. BP plc has a twelve month low of GBX 432.15 ($5.68) and a twelve month high of GBX 529 ($6.96).

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The business also recently declared a dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, November 9th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a dividend yield of 1.47%.

In related news, insider Brian Gilvary purchased 63 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was acquired at an average price of GBX 486 ($6.39) per share, with a total value of £306.18 ($402.71).

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.

Analyst Recommendations for BP plc (LON:BP)

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