BP plc’s (BP) “Overweight” Rating Reaffirmed at Barclays PLC

Barclays PLC reissued their overweight rating on shares of BP plc (LON:BP) in a research note issued to investors on Monday morning. They currently have a GBX 675 ($8.88) price objective on the oil and gas exploration company’s stock.

Other equities research analysts have also recently issued research reports about the stock. UBS AG set a GBX 525 ($6.91) target price on shares of BP plc and gave the company a buy rating in a report on Wednesday, August 16th. J P Morgan Chase & Co set a GBX 500 ($6.58) target price on shares of BP plc and gave the company a buy rating in a report on Wednesday, August 9th. Credit Suisse Group AG set a GBX 530 ($6.97) price target on shares of BP plc and gave the company a buy rating in a research report on Thursday, August 3rd. Canaccord Genuity reduced their price target on shares of BP plc from GBX 525 ($6.91) to GBX 510 ($6.71) and set a buy rating for the company in a research report on Friday, July 21st. Finally, restated a buy rating and set a GBX 565 ($7.43) price target on shares of BP plc in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The company has an average rating of Buy and an average target price of GBX 539.50 ($7.10).

Shares of BP plc (LON:BP) traded down GBX 3.90 ($0.05) during mid-day trading on Monday, reaching GBX 503 ($6.62). 25,618,864 shares of the company’s stock were exchanged, compared to its average volume of 26,970,000. BP plc has a 1-year low of GBX 432.15 ($5.68) and a 1-year high of GBX 529 ($6.96).

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

In other news, insider Brian Gilvary acquired 63 shares of the stock in a transaction dated Tuesday, October 10th. The stock was purchased at an average cost of GBX 486 ($6.39) per share, with a total value of £306.18 ($402.71). Over the last ninety days, insiders have bought 196 shares of company stock valued at $94,283.

About BP plc

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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