Stock Rating Upgrade
In the last week the Value Trend Rating for BP PLC (NYSE: BP) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
BP PLC (NYSE: BP) stock closed at $39.47 on 4/26/24 after a slight decline of -0.4%. However, below average trading volume at 75% of normal accompanied the decline. The stock has risen 4.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
BP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
BP has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. BP has a very high Appreciation Score of 96 but a neutral Power Rating of 44, with the Positive Value Trend Rating the result.
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