{"id":43103,"date":"2026-05-21T02:30:54","date_gmt":"2026-05-21T02:30:54","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/43103\/"},"modified":"2026-05-21T02:30:54","modified_gmt":"2026-05-21T02:30:54","slug":"bofa-adjusts-pt-on-bp-p-l-c-bp-to-400-gbp-from-370-gbp-heres-why","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/43103\/","title":{"rendered":"BofA Adjusts PT on BP p.l.c. (BP) to 400 GBp From 370 GBp \u2013 Here\u2019s Why"},"content":{"rendered":"\n

BP p.l.c. (NYSE:BP<\/a>) is one of the most undervalued energy stocks to buy now<\/a>. On March 13, BofA adjusted the price target on BP p.l.c. (NYSE:BP) to 400 GBp from 370 GBp and maintained an Outperform rating on the shares. Its commodities research team increased oil and gas price forecasts across 2026-27 to take into account the risks of a prolonged shutdown of the Strait of Hormuz, driving higher price targets across the firm\u2019s European oil and gas coverage.<\/p>\n

\"Why Why BP PLC (BP) Soared on Monday <\/p>\n

BP p.l.c. (NYSE:BP) also received a rating update from Piper Sandler on March 12. The firm adjusted the price target on the stock to $47 from $44 and maintained a Neutral rating on the shares, telling investors that, driven by the lasting effects of the war in Iran, the firm is revising forward estimates and price targets on the back of a $5.00\/bbl rise in its mid-cycle WTI price forecast. Piper further stated that although the duration of outages in the Middle East remains highly uncertain, Piper\u2019s commodity macro team, led by Global Energy Strategist Jan Stuart, anticipates that 2026 crude balances will tighten by about 2.0 Mb\/d vs. prior expectations. In addition, lingering impacts\/risk premiums and global resource tightening will raise the bar on future investment.<\/p>\n

Headquartered in London, United Kingdom, BP p.l.c. (NYSE:BP) is an integrated oil and gas company that provides carbon products and services. Its operations are divided into the Gas and Low Carbon Energy, Oil Production and Operations, and Customers and Products segments.<\/p>\n

While we acknowledge the potential of BP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/a>.<\/p>\n

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years<\/a> AND 12 Best Stocks That Will Always Grow<\/a>.<\/p>\n

Disclosure: None. Follow Insider Monkey on Google News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"BP p.l.c. (NYSE:BP) is one of the most undervalued energy stocks to buy now. On March 13, BofA…\n","protected":false},"author":2,"featured_media":43104,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21198],"tags":[21837,67,21259,6704,21836,20960,21388],"class_list":["post-43103","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bp","tag-bofa","tag-bp","tag-bp-p-l-c","tag-bp-plc","tag-piper-sandler","tag-price-target","tag-price-targets"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116610222240074762","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/43103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=43103"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/43103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/43104"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=43103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=43103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=43103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}