HSBC Analysts Give BP (BP) a GBX 650 Price Target

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HSBC set a GBX 650 ($8.49) target price on BP (LON:BP) in a research report report published on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the oil and gas exploration company’s stock.

Several other equities analysts also recently commented on the stock. Berenberg Bank reiterated a buy rating and set a GBX 620 ($8.10) price target on shares of BP in a report on Thursday, May 16th. Societe Generale cut their price target on shares of BP from GBX 650 ($8.49) to GBX 635 ($8.30) and set a buy rating on the stock in a report on Thursday, May 2nd. Credit Suisse Group reiterated an outperform rating and set a GBX 640 ($8.36) price target on shares of BP in a report on Wednesday, May 1st. Royal Bank of Canada set a GBX 615 ($8.04) price target on shares of BP and gave the company a buy rating in a report on Wednesday, May 1st. Finally, Jefferies Financial Group reiterated a hold rating and set a GBX 600 ($7.84) price target on shares of BP in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of GBX 650.88 ($8.50).

Shares of LON:BP opened at GBX 544.50 ($7.11) on Thursday. The stock has a market cap of $110.70 billion and a P/E ratio of 11.16. BP has a 12 month low of GBX 481.35 ($6.29) and a 12 month high of GBX 603.20 ($7.88). The company has a debt-to-equity ratio of 73.82, a quick ratio of 0.66 and a current ratio of 1.02.

The business also recently disclosed a dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 9th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 1.43%. BP’s dividend payout ratio (DPR) is 0.64%.

In related news, insider Brian Gilvary acquired 58 shares of the stock in a transaction on Friday, May 10th. The stock was bought at an average cost of GBX 526 ($6.87) per share, with a total value of £305.08 ($398.64).

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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