BG Group plc Price Target Lowered to GBX 1,500 at Goldman Sachs (BG)
Stock analysts at Goldman Sachs reduced their price objective on shares of BG Group plc (LON:BG) from GBX 1,580 ($26.55) to GBX 1,500 ($25.20) in a report issued on Tuesday, American Banking & Market News reports. The firm currently has a “conviction-buy” rating on the stock. Goldman Sachs’ price objective points to a potential upside of 27.05% from the stock’s previous close.
Shares of BG Group plc (LON:BG) traded up 3.02% on Tuesday, hitting GBX 1180.62. The stock had a trading volume of 11,967,987 shares. BG Group plc has a 52-week low of GBX 1006.0001 and a 52-week high of GBX 1355.50. The stock has a 50-day moving average of GBX 1113. and a 200-day moving average of GBX 1185.. The company’s market cap is £40.215 billion.
A number of other firms have also recently commented on BG. Analysts at HSBC cut their price target on shares of BG Group plc from GBX 1,275 ($21.42) to GBX 1,260 ($21.17) in a research note on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Investec reiterated a “sell” rating on shares of BG Group plc in a research note on Monday. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of BG Group plc in a research note on Friday. They now have a GBX 1,250 ($21.00) price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,284.91 ($21.59).
BG Group plc (LON:BG) is a natural gas company.
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