Robert W. Baird & Co. lowers the target price for Bunge Ltd.(BG:NYE) to$110

Bunge Stock

Bunge Limited Stock Forecast:

According to a forecast from six analysts, the average target price for Bunge Limited over the next 12 months is USD 117.57. The average analyst rating for the company is Strong Buy. Stock Target Advisor, an independent analysis platform, also considers Bunge Limited’s stock to be Bullish based on 8 positive signals and 3 negative signals. The last closing price of Bunge Limited’s stock was USD 96.17. Over the past week, the stock price has increased by +4.05%, over the past month by +6.50%, and over the last year, it has decreased by -6.12%.

BG Ratings by Stock Target Advisor

Analysts Coverage Change:

Robert W. Baird & Co. maintains a “Neutral” rating for Bunge Ltd (BG:NYE)  and lowers the target price to$110 from $115.

Bunge Ltd. News:

Bunge, one of the leading players in the global agribusiness sector, has set its sights on expanding its oilseed dominance and tapping into the lucrative renewable diesel market with its planned acquisition of Viterra. This strategic move is poised to solidify Bunge’s position as the world’s largest oilseed crusher, granting it a larger stake in the renewable energy industry. However, the company may encounter obstacles in the form of competition hurdles.

The proposed acquisition of Viterra, a major Canadian grain handler, by Bunge is expected to bolster the company’s control over the oilseed market. Bunge already possesses a substantial market share in oilseed crushing, which involves extracting oil from crops such as soybeans, canola, and sunflowers. By adding Viterra’s assets and operations to its portfolio, Bunge aims to strengthen its position and benefit from economies of scale.

With this deal, Bunge is also positioning itself to capitalize on the growing renewable diesel sector. Renewable diesel, also known as green diesel or hydrotreated vegetable oil (HVO), is a low-carbon alternative to conventional diesel fuel. It is produced from renewable feedstocks such as vegetable oils and animal fats, making it an attractive option for reducing greenhouse gas emissions in transportation.

 

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