BP (BP) Receives Top Pick Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their top pick rating on shares of BP (LON:BP) in a research note released on Monday, Marketbeat reports. The brokerage currently has a GBX 700 ($9.15) price objective on the oil and gas exploration company’s stock.

BP has been the subject of several other reports. Barclays reaffirmed an overweight rating on shares of BP in a research report on Monday. Berenberg Bank set a GBX 665 ($8.69) target price on BP and gave the company a buy rating in a research report on Wednesday, December 5th. Goldman Sachs Group set a GBX 750 ($9.80) target price on BP and gave the company a buy rating in a research report on Tuesday, December 4th. Credit Suisse Group set a GBX 675 ($8.82) target price on BP and gave the company a buy rating in a research report on Wednesday, December 5th. Finally, Kepler Capital Markets reaffirmed a buy rating on shares of BP in a research report on Wednesday, December 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. BP has a consensus rating of Buy and an average price target of GBX 644.25 ($8.42).

LON BP opened at GBX 517.80 ($6.77) on Monday. BP has a 12 month low of GBX 436.95 ($5.71) and a 12 month high of GBX 536.20 ($7.01).

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

In other news, insider Brian Gilvary sold 20,000 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of GBX 534 ($6.98), for a total transaction of £106,800 ($139,553.12).

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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