This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Technical Observations – For
Technical Observations – Against
Continuing share price rebound supported by Brent Crude Oil stabilising after a pull-back on back of ongoing Venezuela/Iran supply concerns. Weak GBP keeps flattering value of BP’s dividend income for shareholders.
Consensus is 46% Bullish with only 12% of brokers saying Sell. This week’s rebound could encourage additional Neutrals (42%) to upgrade their ratings and targets. Average broker target price in May (593p) is close to our profit target of 600p, with the latest broker analysis from Societe Generale (May 28) suggesting a 615p target price.
Next Event: Q2 results, 31 July
Latest Broker 12-Month Consensus: 46% Buy, 43% Hold, 12% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -3.7 | 5.4 | 19.2 | 14.6 | 19.4 | 56.5 | 25.7 | 12.0 | 18.6 |
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