Bunge Global SA (BG) stock forecast: Can it reach its 52-week high of $114.92

At the time of writing, Bunge Global SA [BG] stock is trading at $96.95, down -0.75%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BG shares have gain 2.35% over the last week, with a monthly amount drifted -2.37%, and not 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 August 01, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $114 from $125. Previously, HSBC Securities upgraded its rating to Buy on February 09, 2024, and dropped its price target to $105. On February 01, 2024, Citigroup initiated with a Buy rating and assigned a price target of $108 on the stock. Wolfe Research downgraded its rating to a Peer Perform. HSBC Securities initiated its recommendation with a Hold and recommended $122 as its price target on September 15, 2023. ROTH MKM started tracking with a Buy rating for this stock on June 22, 2023, and assigned it a price target of $138.

For the past year, the stock price of Bunge Global SA fluctuated between $86.10 and $114.92. Currently, Wall Street analysts expect the stock to reach $128.43 within the next 12 months. Bunge Global SA [NYSE: BG] shares were valued at $96.95 at the most recent close of the market. An investor can expect a potential return of 32.47% based on the average BG price forecast.

Analyzing the BG fundamentals

According to Bunge Global SA [NYSE:BG], the company’s sales were 55.82B for trailing twelve months, which represents an -11.99% plunge. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.12 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.

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 95.92 points at the first support level, and at 94.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.37, and for the 2nd resistance point, it is at 99.79.

Ratios To Look Out For

It is important to note that Bunge Global SA [NYSE:BG] has a current ratio of 2.03. As well, the Quick Ratio is 0.96, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 1.37 and price to earnings (TTM) ratio is 10.99.