Bp: in the green with a brokerage upgrade

(CercleFinance.com) - Against the trend in London, bp gains nearly 1% with the support of comments from Jefferies, which raises its recommendation from 'hold' to 'buy' and increases its price target by 10% to £5.
7 on the energy group's shares.

The broker expects the British major's share price to continue to close its valuation gap with its peers, citing in particular a greater focus on distributions and reduced capital expenditure risk.

Copyright (c) 2024 CercleFinance.com. All rights reserved.