Brokerages Set BP p.l.c. (LON:BP) PT at GBX 493

BP p.l.c. (LON:BP) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 517.

Several equities research analysts have recently commented on BP shares. Barclays reissued a “buy” rating on shares of BP in a research note on Tuesday. Berenberg Bank reaffirmed a “buy” rating on shares of BP in a research report on Thursday. Morgan Stanley upgraded BP to an “overweight” rating in a report on Wednesday, March 25th. JPMorgan Chase & Co. increased their target price on BP from GBX 520 to GBX 600 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Jefferies Financial Group restated a “neutral” rating on shares of BP in a report on Thursday.

More BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: JPMorgan raised its price target on BP from GBX 520 to GBX 600 (keeps a “neutral” rating) — the higher target signals stronger earnings or cash‑flow expectations that can support the share price. London Stock Exchange
• Positive Sentiment: Berenberg and Barclays have reiterated “buy” ratings, providing additional analyst support that may help stabilize sentiment. Berenberg Barclays
• Positive Sentiment: BP plans to invest $1.5bn in Egyptian gas projects for FY2026/27, a capital allocation move that supports medium‑term production growth and cash generation. Zawya
• Positive Sentiment: New CEO Meg O’Neill is publicly pledging “consistency” and clearer direction after a turbulent period — messaging aimed at rebuilding investor trust and reducing governance risk. FT
• Neutral Sentiment: Jefferies has reaffirmed its “neutral” rating, which maintains a mixed analyst view rather than providing momentum either way. MarketScreener
• Neutral Sentiment: Former BP CEO has taken a role at a Wyoming data‑center developer — notable for executive moves but with limited direct impact on BP’s operational outlook. MSN
• Negative Sentiment: Labor risk: an Indiana governor is publicly siding with refinery union workers amid a lockout, highlighting operational and earnings risks from prolonged disruptions at U.S. refining assets. This is likely a near‑term negative catalyst for the stock. MSN

BP Trading Down 5.0%

Shares of BP stock opened at GBX 576 on Tuesday. The stock has a market capitalization of £112.11 billion, a P/E ratio of 43.03, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The company has a quick ratio of 0.62, a current ratio of 1.26 and a debt-to-equity ratio of 136.71. The company has a 50-day simple moving average of GBX 499.75 and a 200 day simple moving average of GBX 459.08. BP has a 12-month low of GBX 379.70 and a 12-month high of GBX 562.30.

Insider Buying and Selling at BP

In other BP news, insider Carol Howle bought 73 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were acquired at an average cost of GBX 426 per share, with a total value of £310.98. In the last quarter, insiders have bought 215 shares of company stock worth $100,858. 0.26% of the stock is owned by insiders.

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.