BP p.l.c. – Consensus ‘Buy’ rating and 13.8% Upside Potential

Broker Ratings
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BP p.l.c. with ticker code (BP) have now 13 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 52 and 40 and has a mean target at $45.12. Given that the stocks previous close was at $39.64 and the analysts are correct then there would likely be a percentage uptick in value of 13.8%. It’s also worth noting that there is a 50 day moving average of $39.07 while the 200 day moving average is $34.04. The market capitalization for the company is $118,022m. Visit the company website at: https://www.bp.com

The potential market cap would be $134,338m based on the market consensus.

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business. Further, it engages in power and storage, digital transformation, carbon management, and bio and low carbon related products, as well as energy and environmental commodities and mobility businesses. The company was founded in 1908 and is headquartered in London, the United Kingdom.

The company has a dividend yield of 3.65% with the ex dividend date set at 16-2-2023 (DMY).

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    BP plc has released its Q1 2024 financial results, showing a profit of $2.7 billion. The company remains focused on growth and shareholder returns.
    BP plc (LON:BP) has released its Q4 and full-year 2023 results, showcasing a year of delivery with resilient financial performance and reduced net debt. The company remains committed to its strategy of becoming a simpler and higher-value company, focused on growing shareholder value.

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