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Berenberg Bank Remains a Buy on BP p.l.c. (BP)

Tipranks - Tipranks - Wed Feb 25, 12:52AM CST

In a report released yesterday, Henry Tarr from Berenberg Bank maintained a Buy rating on BP p.l.c., with a price target of p520.00. The company’s shares closed yesterday at p474.10.

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According to TipRanks, Tarr is a 4-star analyst with an average return of 4.1% and a 56.25% success rate. Tarr covers the Energy sector, focusing on stocks such as BP p.l.c., Shell (UK), and ENI S.p.A..

Currently, the analyst consensus on BP p.l.c. is a Moderate Buy with an average price target of p473.50, representing a -0.13% downside. In a report released on February 16, Citi also maintained a Buy rating on the stock with a £5.25 price target.

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Based on BP p.l.c.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p47.38 billion and a GAAP net loss of p3.42 billion. In comparison, last year the company earned a revenue of p44.66 billion and had a GAAP net loss of p1.91 billion

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