Stock Rating Downgrade
The Value Trend Rating for BP PLC (NYSE: BP) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
BP PLC (NYSE: BP) stock closed at $38.52 on 4/19/24 after an increase of 1.6%. NORMAL trading volume accompanied the advance. The stock has declined -2.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
BP is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
BP has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. BP has a good Appreciation Score of 75 but a neutral Power Rating of 45, triggering the High Neutral Value Trend Rating.
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