Bunge Limited (BG) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.
Bunge Limited (BG) : Average target price received by Bunge Limited (BG) is $66.5 with an expected standard deviation of $11.45. The most aggressive target on the stock is $86, whereas the most downbeat target is $56. 6 financial analysts are currently covering the stock.
Bunge Limited (NYSE:BG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.50 and $57.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.12, notching a gain of 0.62% for the day. The total traded volume was 1,014,592 . The stock had closed at $57.76 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Credit Suisse, maintains their rating on the shares of Bunge Limited (NYSE:BG). Credit Suisse has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $78 per share from a prior target of $66. The rating by the firm was issued on May 2, 2016. The company shares have dropped -32.58% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $88.48 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $62.87 and the 200 Day Moving Average price is recorded at $59.66.
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.