J.P. Morgan Sticks to Its Hold Rating for BP p.l.c. (BP)
J.P. Morgan analyst Matthew Lofting maintained a Hold rating on BP p.l.c. today and set a price target of £5.20.
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Lofting covers the Energy sector, focusing on stocks such as BP p.l.c., Shell (UK), and TotalEnergies SE. According to TipRanks, Lofting has an average return of -0.5% and a 49.22% success rate on recommended stocks.
In addition to J.P. Morgan, BP p.l.c. also received a Hold from Banco Santander’s Alejandro Vigil in a report issued on February 26. However, on February 27, Citi maintained a Buy rating on BP p.l.c. (LSE: BP).
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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