10 Undervalued European Stocks To Invest In Now

1. BP p.l.c. (NYSE:BP)

Forward P/E: 12.2

Number of Hedge Fund Holders: 51

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BP and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.