In yesterday’s Wall Street session, Bunge Global SA (NYSE:BG) shares traded at $79.10, up 0.06% from the previous session.
BG stock price is now -8.76% away from the 50-day moving average and -19.85% away from the 200-day moving average. The market capitalization of the company currently stands at $11.04B.
With the price target reduced from $125 to $114, Citigroup Downgraded its rating from Buy to Neutral for Bunge Global SA (NYSE: BG). On February 09, 2024, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock reducing its target price from $122 to quote $105, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, Dimopoulos Christos, Co-President, Agribusiness sold 20,000 shares of the company’s stock on May 22 ’24. The stock was sold for $2,065,200 at an average price of $103.26. Upon completion of the transaction, the Co-President, Agribusiness now directly owns 87,999 shares in the company, valued at $6.96 million. A total of 0.98% of the company’s stock is owned by insiders.
During the past 12 months, Bunge Global SA has had a low of $77.64 and a high of $114.92. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 2.07, and a quick ratio of 1.08. The fifty day moving average price for BG is $87.0376 and a two-hundred day moving average price translates $98.7604 for the stock.
The latest earnings results from Bunge Global SA (NYSE: BG) was released for 2024-09-30. The net profit margin was 2.11% and return on equity was 11.29% for BG. The company reported revenue of $12.91 billion for the quarter, compared to $14.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.27 percent.
