BP (LON:BP) Price Target Raised to GBX 720

BP (LON:BP) had its target price boosted by analysts at Berenberg Bank from GBX 715 to GBX 720 in a report issued on Monday, Digital Look reports. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. Berenberg Bank‘s price objective points to a potential upside of 14.76% from the company’s current price.

BP has been the subject of several other research reports. Royal Bank Of Canada reissued a “buy” rating on shares of BP in a research report on Thursday, September 24th. Jefferies Financial Group restated a “hold” rating and set a GBX 520 price target on shares of BP in a research note on Wednesday, October 14th. UBS Group restated a “buy” rating on shares of BP in a report on Monday, September 28th. Finally, JPMorgan Chase & Co. raised shares of BP from a “neutral” rating to an “overweight” rating and raised their price objective for the company from GBX 550 to GBX 675 in a research note on Wednesday, September 23rd. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, BP presently has an average rating of “Moderate Buy” and an average target price of GBX 628.

BP Trading Up 0.5%

LON BP opened at GBX 627.40 on Monday. The company has a market cap of £122.11 billion, a price-to-earnings ratio of 46.86, a P/E/G ratio of 0.35 and a beta of 0.06. BP has a 52 week low of GBX 379.70 and a 52 week high of GBX 562.30. The business has a 50 day moving average price of GBX 570.03 and a 200-day moving average price of GBX 531.56. The company has a quick ratio of 0.62, a current ratio of 1.29 and a debt-to-equity ratio of 111.97.

More BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP reported record third-quarter profit of approximately $8.46 billion, while underlying net income reached about $4.7 billion, a 304% year-over-year increase and roughly 25% above forecasts. BP Q3 2026: Refining Surge Powers a 25% Earnings Beat
• Positive Sentiment: Refining was the key earnings catalyst, benefiting from sharply higher margins linked partly to Middle East geopolitical tensions. The performance demonstrates strong near-term earnings leverage across BP’s integrated operations. BP profits jump as Middle East conflict drives up oil refining margins
• Positive Sentiment: Strong cash generation allowed BP to cut debt by about 40% and prioritize settling its remaining Deepwater Horizon-related financial obligations. Management is targeting total financial obligations of approximately $33 billion to $35 billion by year-end 2026, supporting the balance sheet and potentially improving investor confidence. BP prioritizes balance sheet as Q3 profit and cash flow soar
• Neutral Sentiment: Chief Executive Meg O’Neill said BP has not considered breaking up the company, maintaining its integrated structure while management focuses on improving performance and capital discipline. BP has not considered breakup, says CEO
• Negative Sentiment: BP disclosed a roughly $4 billion write-down, highlighting weaker asset values and continued pressure to improve operational execution. The CEO acknowledged that the company “has got to get better,” tempering the impact of the earnings beat. BP CEO on $4B write-down

BP Company Profile

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.