Berenberg raises BP target to GBp 715.00. BP stock falls 1.99 percent.

Published on 10/27/2026 at 16:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BP flagged USD 3.0 to 4.5 billion in third-quarter impairments. BP stock costs EUR 7.37 on October 27, 2026 versus EUR 7.52 Xetra close.

BP faces a higher earnings bar

Berenberg raised its BP target from GBp 650.00 to GBp 715.00 on October 21, 2026.
BP expects USD 3.0 billion to USD 4.5 billion of third-quarter impairments alongside lower net debt.
BP stock was EUR 7.37 at Lang & Schwarz on October 27, 2026, down 1.99 percent versus the EUR 7.52 Xetra close.

BP, GB0007980591, Illustration mit AI erstellt.

BP p.l.c. (ISIN GB0007980591) faces a higher earnings bar after Berenberg raised its target from GBp 650.00 to GBp 715.00 on October 21, 2026, according to MarketScreener. BP stock was trading at EUR 7.37 at Lang & Schwarz on October 27, 2026 at 4:05 p.m. CET, down 1.99 percent versus the Xetra close of October 26, 2026 at EUR 7.52.

Debt progress meets impairment risk

BP's October 13 trading statement points to a sharper split in the third-quarter picture. The company expects net debt of USD 13.5 billion to USD 14.5 billion, compared with USD 22.3 billion in the second quarter, while it also expects post-tax impairments of USD 3.0 billion to USD 4.5 billion. These figures come from BP.

The balance-sheet improvement is therefore not the only result investors will assess. The impairments are primarily tied to transition businesses in gas and low-carbon energy, according to the same BP statement, while the company says the charges will be excluded from underlying replacement cost profit.

What does Berenberg's target imply?

The GBp 715.00 target is 10.00 percent above the previous GBp 650.00 target, calculated from the analyst's old and new levels. Berenberg kept a Buy rating, but the target increase arrives before BP reports its third-quarter results on October 30, 2026, making the impairment range a direct test of the improved outlook.

Stock position before results

BP's upstream production guidance for the third quarter is 2,190 to 2,240 thousand barrels of oil equivalent per day, compared with 2,201 thousand in the second quarter. The company also expects stronger realized refining margins to contribute USD 1.9 billion to USD 2.1 billion relative to the second quarter, while customer results are expected to be lower.

BP stock stays below its yearly high

Perplexity Finance lists the Xetra quotation at EUR 7.37 on October 27, 2026, with a 52-week range of EUR 4.77 to EUR 7.66 and market capitalization of EUR 113.9 billion, as shown on its BP Xetra quote page. The price is 3.79 percent below the 52-week high, leaving the upcoming results as the next test of whether debt reduction can offset the transition-related charges.

BP stock was trading at EUR 7.37 at Lang & Schwarz on October 27, 2026 at 4:05 p.m. CET, down 1.99 percent versus the Xetra close of October 26, 2026 at EUR 7.52. The further course of trading is shown by the continuously updated real-time quote of BP stock.