BG Group Receives Buy Rating from Citigroup Inc. (BG)
BG Group (LON:BG)‘s stock had its “buy” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Tuesday, American Banking & Market News reports. They currently have a GBX 1,400 ($23.07) target price on the stock, down from their previous target price of GBX 1,510 ($24.88). Citigroup Inc.’s price target would indicate a potential upside of 32.89% from the stock’s previous close.
Shares of BG Group (LON:BG) traded down 2.63% on Tuesday, hitting GBX 1053.50. 13,497,889 shares of the company’s stock traded hands. BG Group has a one year low of GBX 1027.374 and a one year high of GBX 1355.50. The stock’s 50-day moving average is GBX 1274. and its 200-day moving average is GBX 1231.. The company’s market cap is £35.840 billion.
BG has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “buy” rating on shares of BG Group in a research note to investors on Tuesday. Separately, analysts at Deutsche Bank cut their price target on shares of BG Group from GBX 1,400 ($23.07) to GBX 1,250 ($20.60) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse upgraded shares of BG Group to a “neutral” rating in a research note to investors on Tuesday. They now have a GBX 1,115 ($18.37) price target on the stock, down previously from GBX 1,200 ($19.77). Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 1,340.61 ($22.09).
BG Group plc (LON:BG) is a natural gas company.
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