Brokerages Set Bunge Global SA (NYSE:BG) Price Target at $118.00

Bunge Global SA (NYSE:BG) has been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $118.00.

Separately, Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd.

Bunge Global Stock Up 1.8 %

BG stock opened at $85.50 on Thursday. The stock has a market capitalization of $11.94 billion, a PE ratio of 10.82 and a beta of 0.68. Bunge Global has a 52 week low of $82.18 and a 52 week high of $114.92. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $90.08 and a 200 day moving average of $98.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its holdings in shares of Bunge Global by 156.4% during the second quarter. SG Americas Securities LLC now owns 193,467 shares of the basic materials company’s stock valued at $20,656,000 after acquiring an additional 117,998 shares during the period. Xponance Inc. boosted its stake in Bunge Global by 39.0% during the 2nd quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock valued at $4,606,000 after purchasing an additional 12,104 shares during the period. AMG National Trust Bank acquired a new position in Bunge Global during the 2nd quarter valued at about $314,000. Cetera Investment Advisers grew its position in Bunge Global by 273.1% in the 1st quarter. Cetera Investment Advisers now owns 18,699 shares of the basic materials company’s stock worth $1,917,000 after purchasing an additional 13,687 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Bunge Global in the second quarter valued at approximately $5,203,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

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.