Bank of America Analysts Give BP (BP) a GBX 400 Price Target

Bank of America set a GBX 400 ($5.38) price objective on BP (LON:BP) in a research report sent to investors on Tuesday. The brokerage currently has a sell rating on the oil and gas exploration company’s stock.

A number of other research analysts have also recently commented on BP. Barclays reissued an overweight rating and issued a GBX 675 ($9.08) target price on shares of BP in a research note on Tuesday, August 15th. UBS set a GBX 525 ($7.07) target price on BP and gave the company a buy rating in a research note on Thursday, August 10th. J P Morgan Chase & Co set a GBX 500 ($6.73) target price on BP and gave the company a buy rating in a research note on Wednesday, August 9th. Goldman Sachs Group reissued a neutral rating and issued a GBX 500 ($6.73) target price on shares of BP in a research note on Monday, October 2nd. Finally, Kepler Capital Markets set a GBX 485 ($6.53) target price on BP and gave the company a neutral rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 533.25 ($7.18).

BP (BP) opened at GBX 488.20 ($6.57) on Tuesday. BP has a 12 month low of GBX 436.95 ($5.88) and a 12 month high of GBX 529 ($7.12).

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

In other news, insider Brian Gilvary bought 63 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of GBX 515 ($6.93) per share, for a total transaction of £324.45 ($436.68). Over the last quarter, insiders have bought 196 shares of company stock valued at $94,283.

TRADEMARK VIOLATION NOTICE: “Bank of America Analysts Give BP (BP) a GBX 400 Price Target” was published by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3080890/bank-of-america-analysts-give-bp-bp-a-gbx-400-price-target.html.

BP 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 (LON:BP)

Receive News & Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.