Sanford C. Bernstein Analysts Give BP (BP) a GBX 710 Price Target

Sanford C. Bernstein set a GBX 710 ($9.28) target price on BP (LON:BP) in a report released on Monday morning. The firm currently has a buy rating on the oil and gas exploration company’s stock.

BP has been the topic of several other research reports. Goldman Sachs Group set a GBX 730 ($9.54) price objective on shares of BP and gave the company a buy rating in a research report on Monday, October 1st. Barclays restated an overweight rating and set a GBX 705 ($9.21) price objective on shares of BP in a research report on Monday, October 8th. UBS Group reiterated a buy rating and issued a GBX 610 ($7.97) target price on shares of BP in a research report on Friday, July 27th. Credit Suisse Group set a GBX 640 ($8.36) target price on shares of BP and gave the stock a buy rating in a research report on Monday, July 30th. Finally, HSBC reiterated a buy rating on shares of BP in a research report on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. BP presently has an average rating of Buy and an average target price of GBX 635.71 ($8.31).

BP stock opened at GBX 523.70 ($6.84) on Monday. BP has a fifty-two week low of GBX 436.95 ($5.71) and a fifty-two week high of GBX 536.20 ($7.01).

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

In other news, insider Brian Gilvary purchased 53 shares of the business’s stock in a transaction on Wednesday, October 10th. The shares were acquired at an average price of GBX 579 ($7.57) per share, with a total value 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).

Featured Story: What is dollar cost averaging (DCA)?

Analyst Recommendations for BP (LON:BP)

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

Leave a Reply