BP (LON:BP – Get Free Report)‘s stock had its “hold” rating reissued by research analysts at Jefferies Financial Group in a note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a GBX 650 price target on the oil and gas exploration company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 11.30% from the company’s current price.
BP has been the topic of a number of other research reports. Berenberg Bank restated a “buy” rating on shares of BP in a research report on Thursday, April 2nd. The Goldman Sachs Group restated a “buy” rating on shares of BP in a research report on Thursday, March 26th. Morgan Stanley upgraded BP to an “overweight” rating in a research report on Wednesday, March 25th. Barclays restated a “buy” rating on shares of BP in a research report on Tuesday. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of BP in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 559.
BP Trading Up 3.9%
Insider Activity
In other BP news, insider Carol Howle bought 62 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average cost of GBX 510 per share, with a total value of £316.20. Insiders bought 142 shares of company stock valued at $70,530 over the last quarter. 0.26% of the stock is owned by company insiders.
Key Stories Impacting BP
Here are the key news stories impacting BP this week:
- Positive Sentiment: UBS upgraded BP to a Buy, signaling confidence in the new management and near‑term outlook following recent trading strength. Article Title
- Positive Sentiment: Goldman Sachs maintained a Buy and raised its price target to p650, citing solid trading performance and resilient cash generation that underpin a sustained buy view. Article Title
- Positive Sentiment: Barclays reaffirmed its Buy rating, adding to the cluster of favorable broker sentiment supporting the stock. Article Title
- Neutral Sentiment: BP reported an “exceptional” quarter for oil trading as geopolitical-driven price volatility boosted results—positive operational news but timing can be transient. Article Title
- Neutral Sentiment: Jefferies, JPMorgan and TD Cowen have largely reaffirmed Hold/Neutral stances or kept price targets steady, reflecting mixed views on sustainability of earnings upside. Article Title Article Title Article Title
- Neutral Sentiment: BP’s new CEO is reshaping the company and reportedly planning to split into upstream and downstream units—strategic clarity may help long term but creates near‑term execution risk. Article Title
- Neutral Sentiment: Insider buying was minimal (5 shares by Kate Thomson), a token positive signal but too small to move fundamentals. Article Title
- Negative Sentiment: Analysts warn that a recent boost in BP’s debt could delay a return to share buybacks and weighs on shareholder return expectations—this is a key headwind for the stock. Article Title
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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