why BP plc ADR [BP] is a Good Choice for Investors After New Price Target of $41.37

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BP plc ADR [NYSE: BP] closed the trading session at $32.88.

The stocks have a year to date performance of -7.12 percent and weekly performance of 4.65 percent. The stock has been moved at -14.95 percent over the last six months. The stock has performed 1.64 percent around the most recent 30 days and changed -10.04 percent over the most recent 3-months.

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If compared to the average trading volume of 7.70M shares, BP reached to a volume of 10062216 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about BP plc ADR [BP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BP shares is $41.37 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BP stock is a recommendation set at 2.14. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Redburn Atlantic have made an estimate for BP plc ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 24, 2024. The new note on the price target was released on August 08, 2024, representing the official price target for BP plc ADR stock.

The Average True Range (ATR) for BP plc ADR is set at 0.63, with the Price to Sales ratio for BP stock in the period of the last 12 months amounting to 0.43. The Price to Book ratio for the last quarter was 1.35, with the Price to Cash per share for the same quarter was set at 13.41. Price to Free Cash Flow for BP in the course of the last twelve months was 5.34 with Quick ratio for the last quarter at 0.95.

BP stock trade performance evaluation

BP plc ADR [BP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.65. With this latest performance, BP shares gained by 1.64% in over the last four-week period, additionally sinking by -14.95% over the last 6 months – not to mention a drop of -9.45% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BP stock in for the last two-week period is set at 54.11, with the RSI for the last a single of trading hit 60.08, and the three-weeks RSI is set at 50.52 for BP plc ADR [BP]. The present Moving Average for the last 50 days of trading for this stock 33.10, while it was recorded at 32.24 for the last single week of trading, and 35.63 for the last 200 days.

BP plc ADR [BP]: An insightful look at the core fundamentals

BP plc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 1.24.

Earnings per share (EPS) analysis for BP plc ADR [BP] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BP plc ADR go to -5.00%.

BP plc ADR [BP]: Institutional Ownership

There are presently around $11.87%, or 11.87%% of BP stock, in the hands of institutional investors. The top three institutional holders of BP stocks are: FISHER ASSET MANAGEMENT, LLC with ownership of 21.81 million shares, which is approximately 0.7813%. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, holding 21.76 million shares of the stock with an approximate value of $$785.46 million in BP stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $$769.35 million in BP stock with ownership which is approximately 0.7633%.

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