BP plc 12.9% 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 ‘Downgrades’ with the recommendation being set at ‘HOLD’ this morning by analysts at Berenberg. BP plc are listed in the Oil & Gas sector within UK Main Market. Berenberg have set their target price at 560 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 12.9% from today’s opening price of 495.8 GBX. Over the last 30 and 90 trading days the company share price has increased 27.8 points and increased 7.15 points respectively. The 52 week high for the share price is currently at 583.41 GBX while the year low stock price is currently 461.15 GBX.

BP plc has a 50 day moving average of 493.88 GBX and a 200 Day Moving Average share price is recorded at 522.93. There are currently 20,340,480,018 shares in issue with the average daily volume traded being 41,392,864. Market capitalisation for LON:BP is £101,292,619,654 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.
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