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 research note released on Monday. The firm currently has a buy rating on the oil and gas exploration company’s stock.

A number of other equities analysts have also issued reports on the company. Royal Bank of Canada raised BP from an outperform rating to a top pick rating and upped their target price for the company from GBX 600 ($7.84) to GBX 675 ($8.82) in a research report on Monday, July 9th. JPMorgan Chase & Co. set a GBX 650 ($8.49) target price on BP and gave the company a buy rating in a research report on Monday, July 9th. HSBC upped their target price on BP from GBX 640 ($8.36) to GBX 655 ($8.56) and gave the company a buy rating in a research report on Friday, July 13th. Credit Suisse Group upped their target price on BP from GBX 610 ($7.97) to GBX 640 ($8.36) and gave the company an outperform rating in a research report on Thursday, July 19th. Finally, UBS Group set a GBX 610 ($7.97) target price on BP and gave the company a buy rating in a research report on Friday, July 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 635.71 ($8.31).

LON BP opened at GBX 537.56 ($7.02) 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. Investors of record on Thursday, November 8th will be given a dividend of $0.10 per share. This represents a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, November 8th.

In other news, insider Brian Gilvary purchased 58 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were acquired at an average cost of GBX 537 ($7.02) per share, with a total value of £311.46 ($406.98). Over the last three months, insiders have purchased 169 shares of company stock worth $94,545.

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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