BP PLC : Underpinned by a support level
Entry price | Target | Stop-loss | Potential |
---|
GBX 503.68 |
GBX 530 |
GBX 490 |
+5.23% |
---|
The technical support around 492.8 GBX emanating from daily closing prices could trigger a technical rebound for BP PLC shares.
Summary● Overall, and from a short-term perspective, the company presents an interesting fundamental situation.
● The company has a good ESG score relative to its sector, according to Refinitiv.
Strengths● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● The company has a low valuation given the cash flows generated by its activity.
● This company will be of major interest to investors in search of a high dividend stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
● The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.
● Revenue estimates are regularly revised downwards for the current and coming years.
● The price targets of analysts who cover the stock differ significantly. This implies difficulties in evaluating the company and its business.
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