BG Group Downgraded by Liberum Capital to “Hold” (BG)
BG Group (LON:BG) was downgraded by investment analysts at Liberum Capital to a “hold” rating in a note issued to investors on Wednesday, Analyst Ratings Net reports. They currently have a GBX 1,280 ($21.09) target price on the stock, down from their previous target price of GBX 1,475 ($24.30). Liberum Capital’s price objective would indicate a potential upside of 23.67% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “sell” rating on shares of BG Group in a research note to investors on Tuesday. They now have a GBX 1,000 ($16.48) price target on the stock, down previously from GBX 1,100 ($18.12). Separately, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of BG Group in a research note to investors on Tuesday. They now have a GBX 1,580 ($26.03) price target on the stock. Finally, analysts at HSBC cut their price target on shares of BG Group from GBX 1,425 ($23.48) to GBX 1,325 ($21.83) in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 1,326.29 ($21.85).
Shares of BG Group (LON:BG) traded down 1.61% during mid-day trading on Wednesday, hitting GBX 1036.50. The stock had a trading volume of 7,135,452 shares. BG Group has a 52 week low of GBX 1027.374 and a 52 week high of GBX 1355.50. The stock has a 50-day moving average of GBX 1269. and a 200-day moving average of GBX 1230.. The company’s market cap is £35.262 billion.
BG Group plc (LON:BG) is a natural gas company.
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