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

Bunge Global SA (NYSE:BG) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $116.33.

BG has been the subject of several analyst reports. Barclays downgraded Bunge Global from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $115.00 to $95.00 in a research note on Tuesday, January 21st. Stephens raised Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd.

Bunge Global Price Performance

Shares of NYSE:BG opened at $77.28 on Friday. Bunge Global has a one year low of $75.75 and a one year high of $114.92. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 9.78 and a beta of 0.70. The company has a 50-day simple moving average of $81.72 and a 200-day simple moving average of $91.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07.

Institutional Investors Weigh In On Bunge Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Spire Wealth Management purchased a new position in shares of Bunge Global during the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global during the 3rd quarter valued at $34,000. Crews Bank & Trust purchased a new position in Bunge Global during the fourth quarter worth $39,000. Farther Finance Advisors LLC raised its holdings 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 worth $42,000 after acquiring an additional 124 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Bunge Global in the fourth quarter valued at $45,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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.