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

Shares of Bunge Global SA (NYSE:BG) have received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com 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 price target 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 research note on Monday, December 2nd.

Hedge Funds Weigh In On Bunge Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in shares of Bunge Global in the 2nd quarter valued at $28,000. Farmers & Merchants Investments Inc. grew its stake in shares of Bunge Global by 185.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global in the 3rd quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in Bunge Global in the 2nd quarter valued at $40,000. Finally, Farther Finance Advisors LLC grew its position in Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 124 shares during the period. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Down 0.4 %

Bunge Global stock opened at $77.28 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. Bunge Global has a 1-year low of $76.38 and a 1-year high of $114.92. The firm’s fifty day simple moving average is $84.48 and its 200-day simple moving average is $95.33. The company has a market capitalization of $10.79 billion, a P/E ratio of 9.78 and a beta of 0.70.

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.