RBC Capital Maintains a Hold on BP p.l.c. (NYSE:BP) With a £4.50 PT

BP p.l.c. (NYSE:BP) is one of the 10 Undervalued European Stocks to Invest in Now. In a report released on June 9, Biraj Borkhataria from RBC Capital maintained a Hold rating on BP p.l.c. (NYSE:BP) with a price target of £4.50.

The analyst adopted a cautious stance despite the company’s recent announcement on June 3 stating that it entered into a series of agreements to build and expand its major oil and gas interests in Azerbaijan.

BP p.l.c. (NYSE:BP) aims to support growth and additional production while also strengthening its partnership with the country and state oil company, SOCAR.

Headquartered in London, United Kingdom, BP p.l.c. (NYSE:BP) is an integrated oil and gas company that provides carbon products and services. Its operations are divided into the Gas and Low Carbon Energy, Oil Production and Operations, and Customers and Products segments.

While we acknowledge the potential of BP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.