BP plc 20.4% Potential Upside Indicated by HSBC

Broker Ratings
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BP plc using EPIC/TICKER code (LON:BP) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. BP plc are listed in the Oil & Gas sector within UK Main Market. HSBC have set a target price of 660 GBX on its stock. This is indicating the analyst believes there is a potential upside of 20.4% from the opening price of 548.3 GBX. Over the last 30 and 90 trading days the company share price has increased 27.5 points and increased 35 points respectively. The 52 week high share price is 603.6 GBX while the 52 week low is 456.45 GBX.

BP plc has a 50 day moving average of 521.69 GBX and the 200 Day Moving Average price is recorded at 554.77. There are currently 20,259,808,981 shares in issue with the average daily volume traded being 33,095,706. Market capitalisation for LON:BP is £111,913,771,632 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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