Analyst Rating Update on Bunge Limited (BG)

Bunge Limited (NYSE:BG) : 2 brokerage houses believe that Bunge Limited (NYSE:BG) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Bunge Limited (NYSE:BG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.

Bunge Limited (NYSE:BG) stock is expected to deviate a maximum of $11.46 from the average target price of $65.83 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $86 and the most muted being $56.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Credit Suisse maintains its rating on Bunge Limited (NYSE:BG). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Credit Suisse raises the price target from $66 per share to $78 per share. The rating by the firm was issued on May 2, 2016.

Bunge Limited (NYSE:BG): stock turned positive on Tuesday. Though the stock opened at $58.07, the bulls momentum made the stock top out at $58.25 level for the day. The stock recorded a low of $57.28 and closed the trading day at $58.2, in the green by 1.82%. The total traded volume for the day was 901,691. The stock had closed at $57.16 in the previous days trading.

In an insider trading activity,The director of Bunge Ltd, Lupo L Patrick sold 11,230 shares at $61.28 on May 12, 2016. The Insider selling transaction had a total value worth of $688,174. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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