The above table shows that five of the 11 firms rated BP (BP) as “buy” or “outperform”. The highest 12-month price target for BP stands at $45, indicating a 48% gain from current levels. The remaining six firms rated BP as “hold.” The average 12-month price target for BP stands at $40, indicating a 33% gain from current levels. None of the above firms have given a “sell” rating to BP. The stock currently trades at $30, its lowest 12-month price target.
The highest price target was set by Oppenheimer & Co., whereas the lowest price target was specified by Tudor, Pickering, Holt & Co. Evercore and Argus Research have positive recommendations for the stock and gave price targets exceeding $40 per share for BP. On the other hand, Goldman Sachs, Raymond James Financial, Simmons & Company International, and Edward Jones gave “neutral,” “hold,” or “market perform” recommendations on the stock.