Zacks Investment Research downgraded Bunge Ltd (NYSE:BG) to Sell in a report released today.
- Updated: October 3, 2016
Yesterday Bunge Ltd (NYSE:BG) traded 0.27% higher at $59.39. The company’s 50-day moving average is $62.04 and its 200-day moving average is $61.28. The last closing price is down -3.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 629,282 shares of the stock traded hands, down from an average trading volume of 1,005,060
Zacks Investment Research has downgraded Bunge Ltd (NYSE:BG) to Sell in a report released on 10/3/2016.
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Bunge Ltd has a 52 week low of $46.08 and a 52 week high of $79.87 with a P/E ratio of 11.44 The company’s market cap is currently $0.
Also covering Bunge Ltd's price target, a total of 11 equity analysts have released a ratings update on BG. The 12-month price target is $70.18 with 2 firms rating the stock a strong buy, 6 brokers rating the stock a buy, three equity analysts rating the company a hold, 0 analysts rating the company a underperform, and lastly zero brokerages rating the stock a sell.
Brief Synopsis On 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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