BP earns average Moderate Buy rating as targets rise
BP received an average “Moderate Buy” rating, with most analysts assigning buy notes and a median 12-month target around GBX 605. Barclays reiterated a buy, and Berenberg raised its target to GBX 600. The company is reportedly seeking buyers for its North Sea drilling assets, which could put about 1,100 jobs at risk, while it has begun a U.S. Gulf of Mexico expansion project.