(CercleFinance.com) – UBS confirms its buy advice on the stock with a price target of 600 pence, which represents an upside potential of 18%.
‘We are reducing our first quarter net profit estimate by 9% to reflect lower foreign exchange costs and fuel margins. Our figure is now 4% lower than the Alpha Value consensus’ indicates UBS.
bp said yesterday it expects production to rise in the first quarter, as well as an improvement in its refining margin
The British oil giant indicated that production from its upstream activities should be higher, over the first three months of the year, than that recorded in the fourth quarter of 2023.
Copyright © 2024 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends using the buttons below.
