UBS AG Reiterates Buy Rating for BG Group (BG)
BG Group (LON:BG)‘s stock had its “buy” rating reiterated by investment analysts at UBS AG in a note issued to investors on Friday, American Banking News reports. They currently have a GBX 1,400 ($22.98) price objective on the stock. UBS AG’s target price would suggest a potential upside of 11.55% from the company’s current price.
Shares of BG Group (LON:BG) traded down 3.09% on Friday, hitting GBX 1255.00. 8,280,758 shares of the company’s stock traded hands. BG Group has a 1-year low of GBX 1027.374 and a 1-year high of GBX 1355.50. The stock’s 50-day moving average is GBX 1282. and its 200-day moving average is GBX 1232.. The company’s market cap is £42.695 billion.
A number of other firms have also recently commented on BG. Analysts at Grupo Santander downgraded shares of BG Group to a “hold” rating in a research note to investors on Wednesday. They now have a GBX 1,500 ($24.62) price target on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. BG Group has an average rating of “Buy” and an average price target of GBX 1,401.92 ($23.01).
BG Group plc (LON:BG) is a natural gas company.
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