Bunge Global (NYSE:BG) Sets New 52-Week Low - Time to Sell?

Bunge Global SA (NYSE:BG - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $76.13 and last traded at $76.25, with a volume of 123036 shares. The stock had previously closed at $77.81.

Analysts Set New Price Targets

Separately, Stephens raised shares of Bunge Global to a "strong-buy" rating in a research note on Monday, December 2nd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Bunge Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

Bunge Global Trading Down 0.8 %

The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $10.77 billion, a P/E ratio of 9.77 and a beta of 0.70. The firm's 50-day moving average price is $84.04 and its 200 day moving average price is $94.85.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Natixis Advisors LLC boosted its holdings in Bunge Global by 40.6% during the 2nd quarter. Natixis Advisors LLC now owns 20,314 shares of the basic materials company's stock worth $2,169,000 after acquiring an additional 5,867 shares during the last quarter. National Bank of Canada FI grew its position in Bunge Global by 5.8% in the 2nd quarter. National Bank of Canada FI now owns 37,129 shares of the basic materials company's stock worth $3,971,000 after purchasing an additional 2,026 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Bunge Global in the 2nd quarter valued at about $85,000. Caprock Group LLC lifted its position in shares of Bunge Global by 87.0% during the 2nd quarter. Caprock Group LLC now owns 7,308 shares of the basic materials company's stock worth $780,000 after buying an additional 3,401 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of Bunge Global by 2.0% in the 2nd quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company's stock worth $615,000 after buying an additional 111 shares during the last quarter. 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.