Bunge Global SA (NYSE:BG) Receives $118.00 Average Price Target from Analysts

Bunge Global SA (NYSE:BG - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $118.00.

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

Hedge Funds Weigh In On Bunge Global

Several large investors 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 worth $28,000. Farmers & Merchants Investments Inc. raised its position 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 worth $33,000 after acquiring an additional 200 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global in the 3rd quarter valued at about $34,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Bunge Global during the 2nd quarter valued at about $40,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Bunge Global by 40.1% in 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. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Stock Down 1.5 %

BG stock traded down $1.18 during trading on Monday, reaching $76.89. The stock had a trading volume of 1,071,355 shares, compared to its average volume of 1,587,396. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average price of $85.68 and a 200 day moving average price of $96.12. The company has a market capitalization of $10.74 billion, a P/E ratio of 9.73 and a beta of 0.68. Bunge Global has a 1-year low of $76.38 and a 1-year high of $114.92.

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.