BP (BP) Stock Forecast & Price Target

GBX 454.50

+1.00 (+0.22%)

(As of 07/26/2024 ET)

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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

Hold
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for BP in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 2 have given a sell rating, 2 have given a hold rating, and 4 have given a buy rating for BP.

Consensus Price Target

GBX 632.14

High Forecast	GBX 1,000
Average Forecast	GBX 632.14
Low Forecast	GBX 500

According to the 8 analysts' twelve-month price targets for BP, the average price target is GBX 632.14. The highest price target for BP is GBX 1,000, while the lowest price target for BP is GBX 500. The average price target represents a forecasted upside of 39.09% from the current price of GBX 454.50.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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)	4 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 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 Target	GBX 632.14	GBX 632.14	GBX 617.89	GBX 617

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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.

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.

BP Stock vs. The Competition

Type	BP	Energy Companies
Consensus Rating Score	2.25	2.71
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
7/9/2024	Berenberg Bank 2 of 5 stars	Reiterated Rating	Hold	GBX 510	+12.27%
6/18/2024	Royal Bank of Canada 4 of 5 stars	Reiterated Rating	Outperform	GBX 650	+41.10%
5/14/2024	Morgan Stanley 3 of 5 stars	Reiterated Rating	Overweight
4/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral	GBX 500	-2.89%
4/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight	GBX 1,000	+97.59%
2/20/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Underweight
Get the Latest News and Ratings for BP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for BP and its competitors with MarketBeat's FREE daily newsletter.
2/12/2024	AlphaValue Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Reduce
10/6/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
10/5/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		GBX 650 ➝ GBX 660	+32.15%
8/9/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		GBX 515 ➝ GBX 555	+15.62%
5/4/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		GBX 630 ➝ GBX 610	+25.23%
5/3/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	GBX 551	+12.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:13 AM ET.

BP Forecast - Frequently Asked Questions

What is BP's forecast for 2024?: 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.
Should I buy or sell BP stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BP in the last year. There are currently 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BP, but not buy additional shares or sell existing shares.
Does BP's stock price have much upside?: According to analysts, BP's stock has a predicted upside of 30.93% based on their 12-month stock forecasts.
What analysts cover BP?: BP has been rated by research analysts at Berenberg Bank, Morgan Stanley, and Royal Bank of Canada in the past 90 days.
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.