JPMorgan Chase & Co. Cuts BP (LON:BP) Price Target to GBX 550

BP (LON:BP) had its price target lowered by JPMorgan Chase & Co. from GBX 600 to GBX 550 in a research report issued on Friday,Digital Look reports. The firm currently has a “neutral” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 18.43% from the stock’s previous close.

Several other equities analysts have also commented on BP. Jefferies Financial Group reiterated a “neutral” rating and set a $6.50 price objective on shares of BP in a research report on Thursday, May 21st. Morgan Stanley upgraded shares of BP to an “overweight” rating in a research report on Wednesday, March 25th. UBS Group reaffirmed a “buy” rating on shares of BP in a report on Tuesday, June 16th. BNP Paribas Exane upgraded BP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of BP in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 603.

BP Stock Performance

Shares of LON BP opened at GBX 464.40 on Friday. The company has a debt-to-equity ratio of 132.55, a quick ratio of 0.62 and a current ratio of 1.22. The company has a market cap of £90.39 billion, a P/E ratio of 34.69, a P/E/G ratio of 0.35 and a beta of 0.06. The firm’s fifty day moving average is GBX 534 and its two-hundred day moving average is GBX 504.66. BP has a 52-week low of GBX 379.70 and a 52-week high of GBX 562.30.

Trending Headlines about BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP secured a 10% stake in the Bab Gas Cap project in the UAE, adding to its upstream portfolio and supporting future production and reserve growth. BP Acquires 10% Stake in Bab Gas Cap Project in UAE
• Positive Sentiment: BP finalized a Technical Services Contract with ONGC in India, which could strengthen its role as a service provider in a key offshore basin and deepen ties with a major energy partner. BP p.l.c. (BP) Finalizes Technical Services Contract with ONGC
• Positive Sentiment: Royal Bank of Canada and Goldman Sachs both reaffirmed buy ratings on BP, helping validate the stock’s investment case even after recent volatility. BP RBC Gives a Buy Rating BP Goldman Sachs Reaffirms Its Buy Rating
• Neutral Sentiment: BP updated its share capital and voting rights filing, a routine disclosure that is unlikely to move the stock on its own. BP Updates Share Capital and Voting Rights as of June 30, 2026
• Negative Sentiment: BP’s deputy CEO is retiring later this year, adding to a series of leadership changes and raising questions about management stability. BP’s deputy CEO to retire
• Negative Sentiment: Berenberg lowered its price target on BP even while keeping a buy rating, which may temper near-term enthusiasm for the shares. BP price target lowered by Berenberg

BP Company Profile

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.