Deutsche Bank Reaffirms Buy Rating for BG Group plc (BG)
BG Group plc (LON:BG)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report released on Friday, Marketbeat reports. They currently have a GBX 1,355 ($19.30) price objective on the stock. Deutsche Bank’s target price points to a potential upside of 29.79% from the company’s current price.
In other BG Group plc news, insider Seligman,Mark bought 908 shares of BG Group plc stock in a transaction on Tuesday, December 15th. The stock was purchased at an average cost of GBX 951 ($13.55) per share, for a total transaction of £8,635.08 ($12,302.44).
BG Group plc (LON:BG) opened at 1059.0000 on Friday. BG Group plc has a 52 week low of GBX 808.80 and a 52 week high of GBX 1,301.62. The stock’s market cap is GBX 36.15 billion. The company’s 50 day moving average is GBX 955.49 and its 200 day moving average is GBX 1,011.20.
Several other brokerages also recently weighed in on BG. Jefferies Group reiterated a “buy” rating and issued a GBX 1,290 ($18.38) price objective on shares of BG Group plc in a research report on Monday, October 12th. RBC Capital restated a “sector perform” rating and set a GBX 1,275 ($18.16) price target on shares of BG Group plc in a research report on Thursday, October 22nd. Barclays restated an “overweight” rating and set a GBX 1,350 ($19.23) price target on shares of BG Group plc in a research report on Thursday, October 8th. FinnCap assumed coverage on shares of BG Group plc in a research report on Friday, October 23rd. They set a “buy” rating on the stock. Finally, BNP Paribas restated a “neutral” rating and set a GBX 1,110 ($15.81) price target on shares of BG Group plc in a research report on Friday, October 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 1,118.02 ($15.93).
BG Group plc is a United Kingdom-based natural gas company. The Company has a portfolio of business interests focused on gas and oil exploration and production and on liquefied natural gas (LON:BG). It has two business segments: Upstream, which includes exploration and production and liquefaction, and LNG Shipping & Marketing, which combines the development and use of LNG import facilities with the purchase, shipping and sale of LNG and re-gasified natural gas. The Company’s remaining Transmission and Distribution businesses, principally Mahanagar Gas Limited in India, and certain corporate activities are included in the Other activities segment. The Upstream business segment covers exploration and production activities plus liquefaction operations associated with integrated LNG projects. The LNG Shipping & Marketing segment covers activities, including purchases, ships, markets and sells LNG, as well as the Company’s interests and capacity in re-gasification facilities.
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