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

Shares of Bunge Global SA (NYSE:BG) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $116.33.

A number of research analysts recently commented on BG shares. Stephens raised Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Barclays downgraded shares of Bunge Global from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $115.00 to $95.00 in a research note on Tuesday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake 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 valued at $42,000 after buying an additional 124 shares during the last quarter. NorthCrest Asset Manangement LLC grew its holdings in shares of Bunge Global by 0.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock valued at $2,305,000 after buying an additional 144 shares during the last quarter. V Square Quantitative Management LLC increased its position in shares of Bunge Global by 3.7% during the third quarter. V Square Quantitative Management LLC now owns 4,367 shares of the basic materials company’s stock valued at $422,000 after acquiring an additional 156 shares in the last quarter. Caprock Group LLC raised its holdings in Bunge Global by 2.2% in the 3rd quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock worth $722,000 after acquiring an additional 164 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in Bunge Global by 31.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 1.0 %

BG stock opened at $78.73 on Friday. The company’s 50 day moving average is $82.49 and its 200 day moving average is $92.64. The stock has a market cap of $10.99 billion, a price-to-earnings ratio of 9.97 and a beta of 0.70. Bunge Global has a 1-year low of $75.75 and a 1-year high of $114.92. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

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.