BP (LON:BP – Free Report) had its target price upped by JPMorgan Chase & Co. from GBX 550 to GBX 675 in a research note released on Wednesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and gas exploration company’s stock.
A number of other research firms have also weighed in on BP. UBS Group reissued a “buy” rating on shares of BP in a research note on Tuesday, June 16th. Jefferies Financial Group restated a “hold” rating and issued a GBX 520 price target on shares of BP in a research report on Tuesday, August 25th. Barclays restated a “buy” rating on shares of BP in a research report on Tuesday, May 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada upgraded BP to an “outperform” rating and set a GBX 700 price objective on the stock in a research report on Friday, September 4th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, BP currently has an average rating of “Moderate Buy” and a consensus target price of GBX 605.
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BP Stock Performance
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.
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