Bunge Limited (NYSE:BG) is a leading figure in the agricultural commodities sector, specializing in soybean processing and cooking oil production. Analysts at Stephens have recently adjusted their price target for BG to $115, up from its current price of $95.33, indicating a potential upside of 20.63%.
Following a statement from President Donald Trump about potentially halting purchases of Chinese cooking oil, BG shares surged by over 13%. This development is particularly beneficial for Bunge, given its status as one of the world’s largest cooking oil producers, and contributed to an uptick in the S&P 500 index.
As of now, BG’s stock is trading at $95.97, with a day’s low of $92.69 and a high of $97.34. The stock has experienced a broad trading range over the past year, from a low of $67.40 to a high of $98.11. With a market capitalization of around $19.2 billion and a trading volume of 410,504 shares on the NYSE, Bunge’s performance in the global agricultural market continues to attract investor attention.
