Bunge (US:BG) has been downgraded from Buy to Neutral in a statement by Goldman Sachs earlier today.
- Updated: March 20, 2017
Having a price of $81.84, Bunge (US:BG) traded 0.22% higher on the day. With the last close up 19.49% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. BG has recorded a 50-day average of $76.04 and a two hundred day average of $68.49. Trade Volume was up over the average, with 1,826,780 shares of BG changing hands over the typical 1,069,650
Goldman Sachs has downgraded Bunge (US:BG) from Buy to Neutral in a statement released on Monday March 20, 2017.
With a total market value of $0, Bunge has price-earnings ratio of 16.33 with a one year low of $53.50 and a one year high of $82.66 .
A total of 11 equity analysts have released a ratings update on BG. Two equity analysts rating the company a strong buy, six equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $70.18.
Brief Synopsis About Bunge (US:BG)
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: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. Its edible oil products include packaged and bulk oils, shortenings, margarines, mayonnaise and other products derived from the vegetable oil refining process. Its milling products segment includes the production and sale of a range of wheat flours and bakery mixes. The Company is a producer and exporter of sugar. Through the Company's operations in Argentina, it produces, blends and distributes a range of nitrogen, phosphate and potassium (NPK) fertilizers, including phosphate-based liquid and solid nitrogen fertilizers.
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