In a report released yesterday, Benjamin Theurer from Barclays maintained a Buy rating on Bunge (BG – Research Report), with a price target of $115.00. The company’s shares closed yesterday at $87.95.
Theurer covers the Consumer Defensive sector, focusing on stocks such as Tyson Foods, Ingredion, and Coca Cola Femsa SAB De CV. According to TipRanks, Theurer has an average return of 5.9% and a 55.20% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bunge with a $117.17 average price target, a 33.22% upside from current levels. In a report released on February 5, Roth MKM also maintained a Buy rating on the stock with a $138.00 price target.
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BG market cap is currently $13.08B and has a P/E ratio of 6.97.
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Bunge (BG) Company Description:
Bunge Ltd. operates as a holding company, which engages in the supply and transportation of agricultural commodities. It operates through the following segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy and Fertilizer. The Agribusiness segment involves in the purchase, storage, transportation, processing, and sale of agricultural commodities and commodity products. The Edible Oil Products segment includes production and sale of vegetable oils, shortenings, margarines, and mayonnaise. The Milling Products segment consists of production and sale of wheat flours, bakery mixes, corn-based products, and rice. The Sugar and Bioenergy segment comprises manufacture and marketing of sugar and ethanol derived from sugarcane, as well as energy derived from the sugar and ethanol production process. The Fertilizer segment focuses on producing, blending, and distributing fertilizer products for the agricultural industry. The company was founded by Johann Peter Gottlieb Bunge in 1818 and is headquartered in White Plains, NY.
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