Bunge Global SA (NYSE:BG) Receives $116.33 Consensus Target Price from Brokerages

Bunge Global SA (NYSE:BG) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $116.33.

A number of equities research analysts have weighed in on the stock. Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Barclays cut shares of Bunge Global from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $115.00 to $95.00 in a report on Tuesday, January 21st.

Bunge Global Price Performance

Shares of BG opened at $77.64 on Friday. The stock has a market cap of $10.84 billion, a PE ratio of 9.83 and a beta of 0.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. Bunge Global has a fifty-two week low of $75.75 and a fifty-two week high of $114.92. The firm’s 50-day simple moving average is $81.30 and its two-hundred day simple moving average is $91.50.

Hedge Funds Weigh In On Bunge Global

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

Bunge Global Company Profile

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.