BP (LON:BP) Price Target Raised to GBX 600

BP (LON:BP) had its target price upped by JPMorgan Chase & Co. from GBX 520 to GBX 600 in a report issued on Thursday morning,London Stock Exchange reports. JPMorgan Chase & Co. currently has a neutral rating on the oil and gas exploration company’s stock.

Several other equities analysts also recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating on shares of BP in a report on Thursday, March 26th. Morgan Stanley raised BP to an “overweight” rating in a research report on Wednesday, March 25th. Barclays reissued a “buy” rating on shares of BP in a research report on Tuesday, March 31st. Berenberg Bank reaffirmed a “buy” rating on shares of BP in a report on Thursday. Finally, Jefferies Financial Group reaffirmed a “neutral” rating on shares of BP in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 517.

BP Stock Up 2.6%

Shares of BP stock opened at GBX 591.20 on Thursday. The company’s 50 day moving average price is GBX 502.84 and its 200-day moving average price is GBX 460.55. BP has a 52-week low of GBX 379.70 and a 52-week high of GBX 562.30. The stock has a market capitalization of £115.06 billion, a price-to-earnings ratio of 44.16, a P/E/G ratio of 0.35 and a beta of 0.06. The company has a debt-to-equity ratio of 136.71, a quick ratio of 0.62 and a current ratio of 1.26.

Insiders Place Their Bets

In other news, insider Carol Howle bought 62 shares of BP stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average price of GBX 510 per share, for a total transaction of £316.20. Over the last quarter, insiders have purchased 215 shares of company stock worth $100,858. 0.26% of the stock is currently owned by insiders.

Trending Headlines about BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: Analysts: JPMorgan raised BP’s price target to GBX 600 (keeping a neutral rating), and other brokers (Berenberg, Barclays) have reaffirmed buy calls — a pipeline of favorable broker actions supports investor confidence and helped lift the stock. London Stock Exchange broker ratings
• Positive Sentiment: Product recognition: BP’s private‑label retail portfolio was called a “game changer,” which bolsters the company’s consumer-facing margins and brand strength in forecourt retail — a potential incremental earnings driver. bp’s Private Label Portfolio Named a Game Changer
• Positive Sentiment: Macro/profits: Coverage notes that wartime energy market dynamics have boosted near‑term profits, improving cash flow and shareholder return prospects — though analysts flag execution and reputational risks under new leadership. This profit tailwind is a key reason investors are bidding the stock up. BP’s New CEO Faces a Defining Test as War Boosts Profits
• Neutral Sentiment: Leadership: BP appointed Carol Howle as deputy CEO — a governance/management update that supports continuity but is unlikely to move fundamentals immediately. bp appoints Carol Howle as deputy CEO
• Neutral Sentiment: Jefferies reiterated a neutral rating — mixed broker views remain in place, which can cap momentum despite higher targets from some banks. BP Jefferies reiterates its neutral rating
• Negative Sentiment: Labor risk: An active lockout at an Indiana refinery and public support from the state governor raise short‑term operational and reputational risk — potential supply disruption and headlines could pressure the stock if escalations continue. Indiana Gov. Mike Braun to join BP refinery union workers amid lockout

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.