Bunge Global SA [BG] stock is trading at $103.95, up 0.02%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BG shares have lost -2.90% over the last week, with a monthly amount glided 8.78%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bunge Global SA [NYSE: BG] stock has seen the most recent analyst activity on February 09, 2024, when HSBC Securities upgraded its rating to a Buy and also revised its price target to $105 from $122. Previously, Citigroup started tracking the stock with Buy rating on February 01, 2024, and set its price target to $108. On January 10, 2024, downgrade downgraded it’s rating to Peer Perform. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $122 on September 15, 2023. ROTH MKM initiated its recommendation with a Buy and recommended $138 as its price target on June 22, 2023. In a note dated February 09, 2023, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $127 to $115.
Bunge Global SA [BG] stock has fluctuated between $86.10 and $116.59 over the past year. Currently, Wall Street analysts expect the stock to reach $134.4 within the next 12 months. Bunge Global SA [NYSE: BG] shares were valued at $103.95 at the most recent close of the market. An investor can expect a potential return of 29.29% based on the average BG price forecast.
Analyzing the BG fundamentals
Bunge Global SA [NYSE:BG] reported sales of 59.53B for the trailing twelve months, which represents a drop of -10.36%. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.2 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 103.14 points at the first support level, and at 102.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 104.54, and for the 2nd resistance point, it is at 105.12.
Ratios To Look Out For
For context, Bunge Global SA’s Current Ratio is 2.13. As well, the Quick Ratio is 1.14, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 1.39 and price to earnings (TTM) ratio is 6.98.
Transactions by insiders
Recent insider trading involved Dimopoulos Christos, Co-President, Agribusiness, that happened on Aug 16 ’23 when 20000.0 shares were sold.
