Bunge Limited (BG) : Traders are bullish on Bunge Limited (BG) as it has outperformed the S&P 500 by a wide margin of 7.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.13%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.56% in the last 1 week, and is up 10.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Bunge Limited (NYSE:BG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.18 and $65.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.21, notching a gain of 1.63% for the day. The total traded volume was 1,038,296 . The stock had closed at $65.15 on the previous day.
The stock has recorded a 20-day Moving Average of 6.8% and the 50-Day Moving Average is 6.09%. Bunge Limited is up 9.31% in the last 3-month period. Year-to-Date the stock performance stands at -1.64%.
Bunge Limited (BG) : 6 investment research analysts covering Bunge Limited (BG) have an average price target of $68.08 for the near short term. The highest target price given by the Brokerage Firm to the stock is $86 and the lowest target is $56 for the short term. Analysts expect the variance to be within $11.33 of the average price.
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. Edible oil products and milling products segments include businesses that produce and sell edible oil based products, including oils, shortenings, margarines and mayonnaise and milled grain products such as wheat flours, corn-based products and rice. The sugar and bioenergy segment produces and sells sugar and ethanol derived from sugarcane, as well as energy derived from their production process, through its operations in Brazil. The fertilizer segment is involved in producing, blending and distributing fertilizer products for the agricultural industry in South America, with assets and operations primarily in Argentina and port facilities in Brazil and Argentina.