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

Bunge Global (NYSE:BG) had its price target cut by research analysts at Barclays from $95.00 to $85.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Barclays‘s price objective points to a potential upside of 21.73% from the stock’s previous close.

Separately, Stephens cut their price target on Bunge Global from $110.00 to $105.00 in a report on Monday. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and an average price target of $109.17.

Bunge Global Stock Down 6.9 %

Shares of NYSE:BG opened at $69.82 on Thursday. The firm has a market capitalization of $9.75 billion, a PE ratio of 8.84 and a beta of 0.69. Bunge Global has a 1 year low of $69.73 and a 1 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 business has a 50 day simple moving average of $80.13 and a two-hundred day simple moving average of $90.31.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 13.71% and a net margin of 2.11%. On average, equities analysts predict that Bunge Global will post 9.35 EPS for the current year.

Institutional Investors Weigh In On Bunge Global

A number of large investors have recently bought and sold shares of BG. Spire Wealth Management purchased a new stake in Bunge Global during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in Bunge Global during the third quarter valued at $34,000. Farther Finance Advisors LLC grew its position in shares of 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 purchasing an additional 124 shares during the period. Crews Bank & Trust purchased a new stake in shares of Bunge Global during the fourth quarter worth about $39,000. Finally, R Squared Ltd acquired a new position in shares of Bunge Global during the 4th quarter worth about $45,000. Hedge funds and other institutional investors 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.