Stephens Issues Pessimistic Forecast for Bunge Global (NYSE:BG) Stock Price

Bunge Global (NYSE:BG) had its price objective reduced by analysts at Stephens from $110.00 to $105.00 in a research report issued on Monday. Stephens’ price target would indicate a potential upside of 40.08% from the company’s previous close.

Separately, Barclays cut Bunge Global from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $115.00 to $95.00 in a research report on Tuesday, January 21st. Three 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.71.

Bunge Global Price Performance

Shares of NYSE:BG opened at $74.96 on Monday. 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 company has a market cap of $10.47 billion, a P/E ratio of 9.49 and a beta of 0.69. The business has a fifty day simple moving average of $80.51 and a 200-day simple moving average of $90.45. Bunge Global has a 52 week low of $73.74 and a 52 week high of $114.92.

Hedge Funds Weigh In On Bunge Global

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

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.