BG Group Stock Rating Lowered by Grupo Santander (BG)
BG Group (LON:BG) was downgraded by research analysts at Grupo Santander to a “hold” rating in a report released on Wednesday, American Banking News reports. They currently have a GBX 1,500 ($24.62) price objective on the stock. Grupo Santander’s price objective would suggest a potential upside of 11.77% from the company’s current price.
BG Group (LON:BG) opened at 1315.125 on Wednesday. BG Group has a 52-week low of GBX 1027.374 and a 52-week high of GBX 1352.00. The stock’s 50-day moving average is GBX 1277. and its 200-day moving average is GBX 1230.. The company’s market cap is £44.741 billion.
A number of other firms have also recently commented on BG. Analysts at Credit Suisse raised their price target on shares of BG Group from GBX 1,170 ($19.21) to GBX 1,200 ($19.70) in a research note to investors on Monday. They now have an “underperform” rating on the stock. Separately, analysts at RBC Capital downgraded shares of BG Group to a “sector performer” rating in a research note to investors on Friday, January 17th. They now have a GBX 1,400 ($22.98) price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of BG Group in a research note to investors on Wednesday, January 15th. They now have a GBX 1,450 ($23.80) price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,401.92 ($23.01).
BG Group plc (LON:BG) is a natural gas company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.