Bunge Global (NYSE:BG) Downgraded by Barclays to “Equal Weight”

Bunge Global (NYSE:BG) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday,Briefing.com Automated Import reports. They currently have a $95.00 target price on the basic materials company’s stock, down from their prior target price of $115.00. Barclays‘s price objective would indicate a potential upside of 19.45% from the stock’s previous close.

Separately, Stephens upgraded Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $115.14.

Bunge Global Stock Up 0.2 %

Shares of BG opened at $79.53 on Tuesday. Bunge Global has a 1 year low of $75.75 and a 1 year high of $114.92. The company’s 50-day simple moving average is $83.03 and its 200-day simple moving average is $93.05. The stock has a market capitalization of $11.11 billion, a PE ratio of 10.07 and a beta of 0.70. 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 Trading of Bunge Global

A number of institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global during the 3rd quarter worth $34,000. Farther Finance Advisors LLC grew its holdings in shares of Bunge Global by 40.1% during the third 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. UMB Bank n.a. increased its position in shares of Bunge Global by 145.1% during the third quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock worth $63,000 after purchasing an additional 386 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of Bunge Global by 31.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 166 shares during the period. Finally, Blue Trust Inc. grew its stake in Bunge Global by 121.5% during the 3rd quarter. Blue Trust Inc. now owns 658 shares of the basic materials company’s stock worth $70,000 after buying an additional 361 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

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.