Berenberg Bank Cuts BP (LON:BP) Price Target to GBX 520

BP (LON:BP) had its target price lowered by Berenberg Bank from GBX 525 to GBX 520 in a report published on Thursday morning, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the oil and gas exploration company’s stock.

Several other research firms have also recently issued reports on BP. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 500 price target on shares of BP in a report on Thursday, November 6th. Citigroup boosted their target price on BP from GBX 475 to GBX 525 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Jefferies Financial Group reissued a “hold” rating and set a GBX 420 target price on shares of BP in a research note on Monday, November 17th. Finally, JPMorgan Chase & Co. lifted their price target on BP from GBX 460 to GBX 480 and gave the company a “neutral” rating in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 489.

BP Stock Performance

Shares of BP opened at GBX 440.25 on Thursday. The stock has a market capitalization of £85.69 billion, a P/E ratio of 32.89, a P/E/G ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 105.65, a quick ratio of 0.62 and a current ratio of 1.22. BP has a 1 year low of GBX 379.70 and a 1 year high of GBX 562.30. The company’s fifty day moving average is GBX 443 and its two-hundred day moving average is GBX 427.11.

Insider Activity at BP

In other news, insider Carol Howle bought 73 shares of the stock in a transaction on Monday, January 12th. The shares were bought at an average price of GBX 426 per share, with a total value of £310.98. Also, insider Murray Auchincloss purchased 85 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of GBX 446 per share, with a total value of £379.10. Insiders purchased a total of 173 shares of company stock valued at $75,663 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

Key BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP reported a fall in net debt in Q4, which eases balance-sheet pressure and supports credit metrics. BP Flags Multi-Billion-Dollar Transition Impairments as Net Debt Falls in Q4
• Positive Sentiment: Analyst support remains: Berenberg trimmed its price target slightly (GBX 525 → GBX 520) but maintained a Buy rating, signaling continued broker confidence in medium‑term upside. Digital Look broker ratings
• Neutral Sentiment: A small insider purchase (73 shares) was reported — a limited signal of insider confidence but immaterial to float. Carol Howle Buys 73 Shares of BP (LON:BP) Stock
• Neutral Sentiment: BP Whiting refinery workers have begun contract talks — worth watching for any escalation that could disrupt refining output, but no strike yet. BP Whiting Refinery Workers Begin Contract Negotiations
• Neutral Sentiment: BP says it won’t yet abandon some UK wind projects despite a partner pulling back — keeps options open but highlights project execution risk. BP venture won’t yet give up on UK wind farms as partner flees
• Negative Sentiment: BP warned of multi‑billion‑dollar transition impairments — expected write‑downs on transition assets can hit earnings and investor sentiment. BP Flags Multi-Billion-Dollar Transition Impairments as Net Debt Falls in Q4
• Negative Sentiment: Environmental groups have filed petitions against BP permits in the U.S., raising regulatory and litigation risk on projects. Environmental groups file petitions against U.S. Steel, BP permits
• Negative Sentiment: BP faces reputational scrutiny in the UK over museum‑sponsored science education links, which can amplify political/regulatory pressure. BP accused of influencing science education in Britain BP under fire for sponsoring UK science education through museum links
• Negative Sentiment: Coverage that BP (and peers) are reverting toward fossil fuel priorities is unsettling some investors and could pressure the stock if it signals strategic drift. BP, Shell : le retour vers les énergies fossiles alarme les investisseurs

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.