Diplomatic Dynamics Amid Changing Global Trade Environment
Written by Emily J. Thompson, Senior Investment Analyst
Source: seekingalpha
- Canada-China Relations Reset: Mark Carney, the Governor of the Bank of Canada, recently visited China to reset relations, triggering backlash from the White House, indicating countries are seeking new partnerships amid global trade tensions.
- UK Prime Minister's China Visit: UK Prime Minister Keir Starmer is set to make the first visit by a British PM to China in nearly a decade, meeting with President Xi Jinping and leading a delegation from companies like AstraZeneca and BP to strengthen economic ties.
- Finnish Prime Minister's Delegation: Finnish Prime Minister Petteri Orpo arrived in China earlier this week with an extended delegation, further illustrating European nations' proactive approach to fostering cooperation with China in the changing global trade landscape.
- EU-India Trade Agreement: The landmark trade agreement between the EU and India, referred to as the
Analyst Views on BP
Wall Street analysts forecast BP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BP is 84.26 USD with a low forecast of 6.38 USD and a high forecast of 503.69 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
5 Hold
1 Sell
Moderate Buy
Current: 37.620
Low
6.38
Averages
84.26
High
503.69
Current: 37.620
Low
6.38
Averages
84.26
High
503.69
About BP
BP p.l.c. is a United Kingdom-based integrated energy company. The Company's segments include Gas & low carbon energy, Oil production & operations, Customers & products, and Other businesses & corporate. Its gas business includes regions with upstream activities that produce natural gas, integrated gas and power, and gas trading. Its low carbon business includes solar, offshore and onshore wind, hydrogen and carbon capture and storage and power trading. Oil production & operations segment comprises regions with upstream activities that predominantly produce crude oil, including bpx energy. Customers & products segment comprises its customer-focused businesses, which include convenience and retail fuels, electric vehicle charging, as well as Castrol, aviation and business to business and midstream. It also includes its products businesses, refining and oil trading, as well as its bioenergy businesses. Other businesses & corporate segment comprises technology and bp ventures.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
