5 Undervalued European Stocks to Buy

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

Latest Trailing P/E Ratio: 4.32

BP p.l.c. (NYSE:BP) is another energy giant that trades in gas, renewable energy, and other products. It expanded its renewable energy portfolio in July after acquiring rights to develop a 4 gigawatt wind power site in Germany.

As of March 2023, 41 of the 943 hedge funds polled by Insider Monkey had bought the firm’s shares. BP p.l.c. (NYSE:BP) largest hedge fund investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital through a stake worth $857 million.

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