Free Trial

BP (BP) Stock Forecast & Price Target

GBX 466.85
+6.20 (+1.35%)
(As of 06/18/2024 ET)

BP - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

GBX 632.14
High ForecastGBX 1,000
Average ForecastGBX 632.14
Low ForecastGBX 500
TypeCurrent Forecast
6/20/23 to 6/19/24
1 Month Ago
5/21/23 to 5/20/24
3 Months Ago
3/22/23 to 3/21/24
1 Year Ago
6/20/22 to 6/20/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
3 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetGBX 632.14GBX 628.57GBX 629.56GBX 630.75
Get BP Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for BP and its competitors with MarketBeat's FREE daily newsletter.

BP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

BP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

BP Stock vs. The Competition

TypeBPEnergy Companies
Consensus Rating Score
2.25
2.66
Consensus RatingHoldModerate Buy
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/18/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOutperformGBX 650+41.10%
5/14/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOverweight
5/10/2024Berenberg Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingHoldGBX 510+0.75%
4/22/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingNeutralGBX 500-2.89%
4/8/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingOverweightGBX 1,000+97.59%
2/20/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingUnderweight
2/12/2024AlphaValue
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeReduce
10/6/2023Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuy
10/5/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetGBX 650 ➝ GBX 660+32.15%
8/9/2023HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetGBX 515 ➝ GBX 555+15.62%
5/4/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetGBX 630 ➝ GBX 610+25.23%
5/3/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingBuyGBX 551+12.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:17 AM ET.

BP Forecast - Frequently Asked Questions

What is BP's stock forecast and purchase recommendation?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for BP is GBX 632.14, with a high forecast of GBX 1,000 and a low forecast of GBX 500. The consensus rating for BP stock is Hold based on the current 2 sell ratings, 2 hold ratings and 4 buy ratings for BP. Learn more on BP's analyst rating history.

Do Wall Street analysts like BP more than its competitors?

Analysts like BP less than other "energy" companies. The consensus rating for BP is Hold while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how BP compares to other companies.

Does BP's stock price have much upside?

According to analysts, BP's stock has a predicted upside of 28.41% based on their 12-month stock forecasts.

What analysts cover BP?

BP has been rated by research analysts at Bank of America, Barclays, Berenberg Bank, Morgan Stanley, and Royal Bank of Canada in the past 90 days.


Stock Forecasts and Research Tools

This page (LON:BP) was last updated on 6/19/2024 by MarketBeat.com Staff

From Our Partners