A share price of BP plc ADR [BP] is currently trading at $39.44, down -0.53%. An important factor to consider is whether the stock is rising or falling in short-term value. The BP shares have gain 2.02% over the last week, with a monthly amount glided 5.68%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
BP plc ADR [NYSE: BP] stock has seen the most recent analyst activity on March 04, 2024, when Jefferies upgraded its rating to a Buy. Previously, JP Morgan downgraded its rating to Underweight on November 01, 2023. On May 03, 2023, downgrade downgraded it’s rating to Hold. Berenberg downgraded its rating to a Hold. TD Securities upgraded its rating to a Buy. Scotiabank upgraded its rating to Sector Outperform for this stock on January 17, 2023, and upped its price target to $42. In a note dated November 22, 2022, Citigroup upgraded an Buy rating on this stock.
BP plc ADR experienced fluctuations in its stock price throughout the past year between $33.52 and $40.84. Currently, Wall Street analysts expect the stock to reach $41.66 within the next 12 months. BP plc ADR [NYSE: BP] shares were valued at $39.44 at the most recent close of the market. An investor can expect a potential return of 5.63% based on the average BP price forecast.
Analyzing the BP fundamentals
Trailing Twelve Months sales for BP plc ADR [NYSE:BP] were 210.13B which represents -24.71% decline. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.21 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.78.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.06 points at the first support level, and at 38.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.11, and for the 2nd resistance point, it is at 40.78.
Ratios To Look Out For
To put it in perspective, the Current Ratio for BP plc ADR [NYSE:BP] is 1.21. On the other hand, the Quick Ratio is 0.94, and the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 1.57 and price to earnings (TTM) ratio is 7.75.
