Bunge Global SA (NYSE:BG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Bunge Global SA (NYSE:BG) have received a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $118.00.

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

Bunge Global Price Performance

Shares of NYSE:BG opened at $77.28 on Monday. Bunge Global has a one year low of $76.38 and a one year high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 9.78 and a beta of 0.70. The firm has a 50 day simple moving average of $84.48 and a 200 day simple moving average of $95.23.

Institutional Trading of Bunge Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd bought a new stake in shares of Bunge Global in the 2nd quarter valued at about $28,000. Farmers & Merchants Investments Inc. boosted its holdings in Bunge Global by 185.2% in the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 200 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global in the third quarter valued at approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in Bunge Global during the 2nd quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC raised its holdings in 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 last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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.