BP plc 31.9% Potential Upside Indicated by Mainfirst

Broker Ratings
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BP plc using EPIC/TICKER code (LON:BP) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘OUTPERFORM’ this morning by analysts at Mainfirst. BP plc are listed in the Oil & Gas sector within UK Main Market. Mainfirst have set a target price of 620 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 31.9% from today’s opening price of 470.05 GBX. Over the last 30 and 90 trading days the company share price has decreased 41.05 points and decreased 35.05 points respectively. The 52 week high for the share price is currently at 583.41 GBX while the year low stock price is currently 468.8 GBX.

BP plc has a 50 day moving average of 505.92 GBX and a 200 day moving average of 532.57. There are currently 20,266,492,535 shares in issue with the average daily volume traded being 39,668,705. Market capitalisation for LON:BP is £95,914,593,540 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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