Stephens Cuts Bunge Global (NYSE:BG) Price Target to $105.00

Bunge Global (NYSE:BG) had its price target dropped by equities researchers at Stephens from $110.00 to $105.00 in a research report issued on Monday. Stephens’ target price suggests a potential upside of 40.14% from the company’s current price.

Separately, Barclays cut Bunge Global from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $115.00 to $95.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.71.

Bunge Global Stock Down 0.3 %

Shares of NYSE:BG traded down $0.23 during trading on Monday, hitting $74.93. The company’s stock had a trading volume of 1,415,089 shares, compared to its average volume of 1,378,880. The stock’s 50-day moving average price is $80.81 and its two-hundred day moving average price is $90.71. Bunge Global has a fifty-two week low of $73.74 and a fifty-two week high of $114.92. The company has a market capitalization of $10.46 billion, a PE ratio of 9.48 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07.

Institutional Investors Weigh In On Bunge Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Spire Wealth Management acquired a new stake in shares of Bunge Global during the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bunge Global during the 3rd quarter valued at $34,000. Farther Finance Advisors LLC lifted its position in shares of Bunge Global by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 124 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of Bunge Global during the 4th quarter valued at $39,000. Finally, R Squared Ltd acquired a new stake in shares of Bunge Global during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.