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

Shares of Bunge Global SA (NYSE:BG) have been given a consensus rating of “Moderate Buy” by the nine analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $118.00.

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

Bunge Global Trading Down 2.6 %

Shares of BG opened at $84.00 on Thursday. Bunge Global has a 12-month low of $82.18 and a 12-month high of $114.92. The firm has a market capitalization of $11.73 billion, a P/E ratio of 10.63 and a beta of 0.68. The firm has a 50-day moving average price of $90.30 and a 200 day moving average price of $98.74. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On Bunge Global

A number of institutional investors and hedge funds have recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in Bunge Global in the second quarter valued at approximately $28,000. Blue Trust Inc. grew its position in shares of Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after buying an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in Bunge Global by 185.2% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Bunge Global in the third quarter valued at $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Bunge Global in the second quarter valued at $40,000. 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.