Bunge Ltd (NYSE:BG) has been upgraded to Buy in a statement by TheStreet earlier today.
- Updated: November 26, 2016
TheStreet has upgraded Bunge Ltd (NYSE:BG) to Buy in a statement released on 11/21/2016.
On 02/16/2016, Credit Suisse released a statement on Bunge Ltd (NYSE:BG) dropped the target price from $85.00 to $66.00 that suggested an upside of 0.24%.
Having a price of $67.61, Bunge Ltd (NYSE:BG) traded 1.42% higher on the day. With the last close up 8.34% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Bunge Ltd has recorded a 50-day average of $64.21 and a two hundred day average of $62.82. Volume of trade was down over the average, with 718,065 shares of BG changing hands under the typical 1,126,710
With a total market value of $0, Bunge Ltd has price-earnings ratio of 15.15 with a one year low of $46.08 and a one year high of $70.53 .
A total of 11 brokers have issued a research note on the company. 2 firms rating the stock a strong buy, 6 firms rating the stock a buy, 3 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $70.18.
More About Bunge Ltd (NYSE:BG)
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. The Edible oil products and milling products segments include businesses that produce and sell edible oil based products, including vegetable 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 the sugar, and ethanol 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 production and blending assets and operations in Argentina and port facilities in Brazil and Argentina.
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