Deutsche Bank Lowers BG Group Price Target to GBX 1,250 (BG)
Investment analysts at Deutsche Bank dropped their target price on shares of BG Group (LON:BG) from GBX 1,400 ($23.07) to GBX 1,250 ($20.60) in a note issued to investors on Tuesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would indicate a potential upside of 18.65% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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). Separately, analysts at Nomura cut their price target on shares of BG Group from GBX 1,450 ($23.89) to GBX 1,350 ($22.24) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of BG Group in a research note to investors on Monday. They now have a GBX 1,400 ($23.07) price target on the stock. Two 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 company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,340.61 ($22.09).
BG Group (LON:BG) traded down 2.63% on Tuesday, hitting GBX 1053.50. The stock had a trading volume of 13,497,889 shares. BG Group has a 1-year low of GBX 1027.374 and a 1-year high of GBX 1355.50. The stock has a 50-day moving average of GBX 1274. and a 200-day moving average of GBX 1231.. The company’s market cap is £35.840 billion.
BG Group plc (LON:BG) is a natural gas company.
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