RE: Has BP had its glory day, time to sell!!5 May 2026 17:44
Gemini AI cites the following which is materially my view also:
"As of May 2026, analyst consensus for BP p.l.c. (BP) is generally a "Moderate Buy" to "Overweight," with a focus on strong operational metrics and, in some cases, high valuation upside. Average 12-month price targets suggest a potential upside of approximately +8.27% from recent levels. Ratings commonly include a mix of holds and buys, with a focus on 2025/2026 EBITDA targets.Analyst Ratings Summary (as of early May 2026):Consensus Recommendation: Overweight / Moderate BuyActionable Ratings: Roughly 8–12 analysts hold a "Buy/Strong Buy" position, with 10–15 holding, and a small minority recommending "Sell".Price Targets: Average 12-month target around 620–650 GBX, with a high estimate over 700 GBX.Key Analyst Considerations:Positive (Bulls): Strong operational performance (1.1M barrels of liquids/day), high LNG portfolio flexibility, and improved cash flow.Negative (Bears): Slower debt reduction compared to peers like Shell and ExxonMobil, alongside high exposure to oil price volatility.Valuation: Some analysis suggests BP remains undervalued on a price-to-sales basis compared to peers.Credit Ratings:Fitch: A+ (Stable)S&P: A- (Positive)Disclaimer: Analyst ratings and forecasts are subject to change and do not guarantee future performance."
A few recent price targets issued by analysts are from 650p to 700p so maybe 650p is my target !!