BP (LON:BP – Get Free Report) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from GBX 600 to GBX 550 in a research report issued to clients and investors on Friday,Digital Look reports. The brokerage currently has a “neutral” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 18.43% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Berenberg Bank cut their price objective on BP from GBX 700 to GBX 590 and set a “buy” rating on the stock in a research report on Wednesday. UBS Group reissued a “buy” rating on shares of BP in a research report on Tuesday, June 16th. DZ Bank restated a “buy” rating on shares of BP in a research note on Tuesday, April 28th. Royal Bank Of Canada restated a “buy” rating on shares of BP in a research report on Wednesday. Finally, Barclays reiterated a “buy” rating on shares of BP in a report on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 603.
View Our Latest Analysis on BP
BP Price Performance
Key BP News
Here are the key news stories impacting BP this week:
- Positive Sentiment: BP secured a 10% stake in the Bab Gas Cap project in the UAE, adding to its upstream portfolio and supporting future production and reserve growth. BP Acquires 10% Stake in Bab Gas Cap Project in UAE
- Positive Sentiment: BP finalized a Technical Services Contract with ONGC in India, which could strengthen its role as a service provider in a key offshore basin and deepen ties with a major energy partner. BP p.l.c. (BP) Finalizes Technical Services Contract with ONGC
- Positive Sentiment: Royal Bank of Canada and Goldman Sachs both reaffirmed buy ratings on BP, helping validate the stock’s investment case even after recent volatility. BP RBC Gives a Buy Rating BP Goldman Sachs Reaffirms Its Buy Rating
- Neutral Sentiment: BP updated its share capital and voting rights filing, a routine disclosure that is unlikely to move the stock on its own. BP Updates Share Capital and Voting Rights as of June 30, 2026
- Negative Sentiment: BP’s deputy CEO is retiring later this year, adding to a series of leadership changes and raising questions about management stability. BP’s deputy CEO to retire
- Negative Sentiment: Berenberg lowered its price target on BP even while keeping a buy rating, which may temper near-term enthusiasm for the shares. BP price target lowered by Berenberg
About BP
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 Reading
- Five stocks we like better than BP
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.
