Prime Markets Reiterates “Buy” Rating for BG Group (BG)
BG Group (LON:BG)‘s stock had its “buy” rating reaffirmed by analysts at Prime Markets in a research report issued to clients and investors on Tuesday, ARN reports. They currently have a GBX 1,100 ($18.08) target price on the stock. Prime Markets’ price objective indicates a potential upside of 4.61% from the company’s current price.
BG Group (LON:BG) traded up 2.59% on Tuesday, hitting GBX 1051.50. 15,248,545 shares of the company’s stock traded hands. BG Group has a one year low of GBX 1006.0001 and a one year high of GBX 1355.50. The stock has a 50-day moving average of GBX 1253.06 and a 200-day moving average of GBX 1227.. The company’s market cap is £35.772 billion.
A number of other analysts have also recently weighed in on BG. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of BG Group in a research note to investors on Tuesday. They now have a GBX 1,250 ($20.54) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of BG Group in a research note to investors on Wednesday, January 29th. They now have a GBX 1,650 ($27.12) price target on the stock. Finally, analysts at Liberum Capital downgraded shares of BG Group to a “hold” rating in a research note to investors on Wednesday, January 29th. They now have a GBX 1,280 ($21.04) price target on the stock, down previously from GBX 1,475 ($24.24). Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. BG Group currently has a consensus rating of “Buy” and an average target price of GBX 1,313.68 ($21.59).
BG Group plc (LON:BG) is a natural gas company.
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