BP plc 12.3% Potential Upside Indicated by Berenberg

Broker Ratings
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BP plc using EPIC/TICKER code (LON:BP) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Berenberg. BP plc are listed in the Oil & Gas sector within UK Main Market. Berenberg have set a target price of 620 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 12.3% from the opening price of 552.3 GBX. Over the last 30 and 90 trading days the company share price has decreased 11.5 points and increased 34.5 points respectively. The 1 year high share price is 603.6 GBX while the 52 week low for the stock is 481.35 GBX.

BP plc has a 50 day moving average of 557.71 GBX and a 200 day moving average of 548.40. There are currently 176,210,544 shares in issue with the average daily volume traded being 27,079,187. Market capitalisation for LON:BP is £111,226,313,285 GBP.

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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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