BP (BP) Earns Overweight Rating from Barclays

Barclays reissued their overweight rating on shares of BP (LON:BP) in a research note published on Tuesday, October 30th.

A number of other research firms have also weighed in on BP. BNP Paribas reaffirmed an outperform rating and issued a GBX 700 ($9.15) price objective on shares of BP in a research note on Thursday, October 4th. Goldman Sachs Group set a GBX 730 ($9.54) price target on BP and gave the company a buy rating in a research note on Monday, October 1st. Kepler Capital Markets reissued a buy rating on shares of BP in a research note on Wednesday, July 4th. Royal Bank of Canada set a GBX 700 ($9.15) price target on BP and gave the company a buy rating in a research note on Monday, October 8th. Finally, JPMorgan Chase & Co. set a GBX 650 ($8.49) price target on BP and gave the company a buy rating in a research note on Monday, July 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. BP presently has a consensus rating of Buy and an average target price of GBX 635.71 ($8.31).

BP stock opened at GBX 521.60 ($6.82) on Tuesday. BP has a one year low of GBX 436.95 ($5.71) and a one year high of GBX 536.20 ($7.01).

The company also recently disclosed a dividend, which will be paid on Friday, December 21st. Shareholders of record on Thursday, November 8th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, November 8th. This represents a yield of 1.44%.

In other news, insider Brian Gilvary acquired 53 shares of BP stock in a transaction on Wednesday, October 10th. The shares were bought at an average cost of GBX 579 ($7.57) per share, for a total transaction of £306.87 ($400.98).

BP Company Profile

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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