Bunge Global SA (NYSE:BG) Given Average Rating of “Moderate Buy” by Brokerages

Bunge Global SA (NYSE:BG) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage 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 Trading Up 0.0 %

Shares of Bunge Global stock opened at $78.07 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $85.68 and a 200-day simple moving average of $96.19. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 9.88 and a beta of 0.68. Bunge Global has a 12-month low of $77.52 and a 12-month high of $114.92.

Institutional Trading of Bunge Global

Hedge funds have recently made changes to their positions in the company. Ballentine Partners LLC grew its holdings in Bunge Global by 2.0% during the second quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock worth $615,000 after acquiring an additional 111 shares during the period. Farther Finance Advisors LLC grew its stake 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 worth $42,000 after purchasing an additional 124 shares during the period. NorthCrest Asset Manangement LLC grew its stake in shares of Bunge Global by 0.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock worth $2,305,000 after purchasing an additional 144 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Bunge Global by 3.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 4,367 shares of the basic materials company’s stock valued at $422,000 after purchasing an additional 156 shares in the last quarter. Finally, Caprock Group LLC lifted its stake in shares of Bunge Global by 2.2% in the third quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock valued at $722,000 after purchasing an additional 164 shares during the period. 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.