BP (BP.)

Sector:

Energy Producers

Index:

FTSE 100

479.55p
   
  • Change Today:
      4.35p
  • 52 Week High: 558.00p
  • 52 Week Low: 444.25p
  • Currency: UK Pounds
  • Shares Issued: 16,612m
  • Volume: 2,662,009
  • Market Cap: £79,663m
  • RiskGrade: 211

Barclays hikes BP price target

By Michele Maatouk

Date: Wednesday 08 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Barclays hiked its price target on BP on Wednesday to 1,000p from 700p following the oil giant's results a day earlier.
The bank noted that in the past, it has described BP as "the most misunderstood of companies" in its coverage universe but that the new strategy announced goes a long way to address the concerns.

"A new strategic update addresses key investor concerns and enables, in our view, a potential re-rating of the shares," it said, adding that longevity in the upstream combined with profitable renewables lead to stronger free cash flow.

"Capex is up, yes, but so too is EBITDA guidance and cash returns to shareholders," Barclays said.

The bank rates BP at 'overweight'.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BP Market Data

Currency UK Pounds
Share Price 479.55p
Change Today 4.35p
% Change 0.92 %
52 Week High 558.00p
52 Week Low 444.25p
Volume 2,662,009
Shares Issued 16,612m
Market Cap £79,663m
RiskGrade 211

BP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.16% above the market average81.16% above the market average81.16% above the market average81.16% above the market average81.16% above the market average
10.26% above the sector average10.26% above the sector average10.26% above the sector average10.26% above the sector average10.26% above the sector average
Price Trend
41.98% above the market average41.98% above the market average41.98% above the market average41.98% above the market average41.98% above the market average
67.50% above the sector average67.50% above the sector average67.50% above the sector average67.50% above the sector average67.50% above the sector average
Income
86.02% above the market average86.02% above the market average86.02% above the market average86.02% above the market average86.02% above the market average
12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average
Growth
16.46% above the market average16.46% above the market average16.46% above the market average16.46% above the market average16.46% above the market average
2.04% below the sector average2.04% below the sector average2.04% below the sector average2.04% below the sector average2.04% below the sector average

What The Brokers Say

Strong Buy 7
Buy 7
Neutral 6
Sell 1
Strong Sell 0
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BP Dividends

  Latest Previous
  Q1 Q4
Ex-Div 16-May-24 15-Feb-24
Paid 28-Jun-24 28-Mar-24
Amount 7.27¢ 7.27¢

Trades for 01-Jul-2024

Time Volume / Share Price
09:35 2 @ 479.60p
09:34 676 @ 479.55p
09:34 1,043 @ 479.55p
09:34 400 @ 479.55p
09:34 557 @ 479.55p

BP Key Personnel

Chair Helge Lund
CEO Murray Auchincloss
CFO Kate Thomson

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