BP Stock Price Forecast, Traders Union suggests that BP PLC (BP) has the potential to reach 488.97 GBP by 2025. However, capital.com predicts a decline in the stock price to 180p by the end of 2025.
Gov Capital predicts that the future price of the stock will be around 57.714343551703$ (70.5%) after a year.
The dividend yield for 2023 is 4.3%, which is higher than the 3.8% forward average for FTSE stocks. The yield is expected to increase further to 4.6% and 4.9% in 2024 and 2025 respectively.
Zacks Investment Research suggests that BP p.l.c. may be undervalued and could be a favorable choice for value investors.
BP Stock in News
BP’s decision to cut hydrocarbon production and invest in clean energy did not please investors. However, the company is now refocusing on its oil-and-gas business, particularly in the US, which is seen as an attractive and underappreciated market.
BP aims to increase its American oil-and-gas production by over 50% by 2030 and obtain half of its projected output from the US. Despite this shift, BP’s stock price remains low, trading at around $34 per share, which is considered cheap compared to its American counterparts.
BP Stock Price Forecast
Based on the analysis provided by Wall Street Zen, it is predicted that BP’s share price has the potential to reach $43.00 by November 1, 2024. This projection is based on the average BP stock price prediction, which indicates a potential upside of 26.36% from the current share price of $34.03.
According to CNNMoney.com, a group of 26 analysts have provided their 12-month price forecasts for BP PLC. The median target price is $43.00, with the highest estimate being $75.78 and the lowest estimate at $37.72.
Furthermore, MSN suggests that income investors may find the BP share price appealing this year. This is due to the dividend yield of 4.71%, which is notably higher than the FTSE 100 average.
BP Stock Price Forecast 2025
Our prediction system forecasts that the future price of the stock will reach $57.714343551703 (70.5%) within a year. Consequently, if you were to invest $100 at this moment, your investment could potentially grow to $170.5 by January 20, 2025, which falls on a Monday.
BP Stock Price Forecast 2026
The projected value for BP PLC stock in 2026 is $33.84, based on the assumption that the company’s shares will maintain the same average annual growth rate observed over the past decade. This forecast indicates a marginal increase of -0.02% in the BP stock price.
BP Stock Price Forecast 2027
CNNMoney reports that 27 analysts have set a median 12-month price target of $42 for BP PLC, indicating a significant 24.08% increase from the last recorded price of $33.85.
On the other hand, AnaChart suggests that the average price target for BP stands at $40.74, with a high estimate of $52 and a low estimate of $37.9.
Meanwhile, Tipranks reveals that the average price target for BP is slightly higher at $43.42, as per the analysis of 6 Wall Street analysts. The highest price target provided by an analyst is $55.00, while the lowest forecast is $38.00.
Additionally, WallStreetZen highlights a specific prediction from a Wall Street analyst, stating that BP’s share price could potentially reach $43.00 by November 1, 2024. Lastly, according to Tipranks, BP holds a consensus rating of Moderate Buy, which is based on 9 buy ratings, 3 hold ratings, and 1 sell rating.
BP Stock Price Forecast 2028
BP PLC stock is projected to have an initial price of 962.393 GBP in 2028. This projection takes into account factors such as the performance of the global energy sector, BP PLC’s financial performance and strategic initiatives, and macroeconomic factors.
However, it is important to note that these projections are not a guarantee of future performance and investors should conduct their own research before making any investment decisions.