BP Shares Eye 700p as Traders Watch Next Key Test
BP shares fell in London on Thursday afternoon after a string of UK retail-investor columns flagged RBC Capital’s 700p target and floated the idea that a £9,999 stake could be worth more by July 2027. The pieces linked to a bullish RBC note and made the case for a rebound after BP’s slide, with the focus back on whether the company can actually cut debt as oil prices steady and bring more consistent cash flow. RBC’s Biraj Borkhataria stuck with a Buy call on BP Thursday, steady on the 700 pence target, MarketScreener said, citing dpa-AFX Analyser. That’s still far above BP’s trading level Thursday. The target isn’t BP’s own guidance.