Bunge Limited (BG) : The consensus on Bunge Limited (BG) based on 6 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Bunge Limited (BG) : The highest level Bunge Limited (BG) is projected to reach is $86 for the short term and the lowest estimate is at $56. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $67.25 and the possibility the share price can swing is $11.08.
For the current week, the company shares have a recommendation consensus of Buy.
Bunge Limited (NYSE:BG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.24 and $62.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.46, notching a gain of 1.78% for the day. The total traded volume was 1,284,362 . The stock had closed at $63.33 on the previous day.
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: The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. Edible oil products and milling products segments include businesses that produce and sell edible oil based products, including 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 their 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 assets and operations primarily in Argentina and port facilities in Brazil and Argentina.