UBS slashes share price expectations for BP

Analysts at UBS have slashed their expectations for oil company BP PLC (LSE:BP.)’s share price. In a research note on Tuesday, the investment bank’s equity analysts cut their 12-month price target for the oil company to 600 pence per share, down from 640p.   They said the oil company’s shares "currently offer no value for low-carbon activities", but that electric vehicle charging and renewable gas will be key drivers for the stock in the coming year.  BP is still rated as a ‘buy’ by the bank’s analysts, who ...