Credit Suisse cut shares of BG Group plc (LON:BG) to a neutral rating in a research report report published on Wednesday, Analyst Ratings.Net reports. They currently have GBX 1,000 ($14.39) price target on the stock, down from their previous price target of GBX 1,350 ($19.42).

BG Group plc (LON:BG) traded down 0.66% on Wednesday, hitting GBX 1047.50. 19,963,900 shares of the stock were exchanged. The company’s market capitalization is GBX 35.76 billion. The company has a 50-day moving average price of GBX 961.57 and a 200 day moving average price of GBX 1,010.40. BG Group plc has a 1-year low of GBX 808.80 and a 1-year high of GBX 1,301.62.

A number of other brokerages have also recently issued reports on BG. Jefferies Group reaffirmed a buy rating and issued a GBX 1,290 ($18.56) target price on shares of BG Group plc in a report on Monday, October 12th. Deutsche Bank reaffirmed a buy rating and issued a GBX 1,355 ($19.49) target price on shares of BG Group plc in a report on Thursday, October 22nd. RBC Capital reiterated a sector perform rating and issued a GBX 1,275 ($18.34) price target on shares of BG Group plc in a research note on Thursday, October 22nd. Barclays reiterated an overweight rating and issued a GBX 1,350 ($19.42) price target on shares of BG Group plc in a research note on Thursday, October 8th. Finally, FinnCap initiated coverage on shares of BG Group plc in a research note on Friday, October 23rd. They issued a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. BG Group plc currently has a consensus rating of Buy and a consensus price target of GBX 1,118.02 ($16.08).

In other BG Group plc news, insider Seligman,Mark purchased 908 shares of the company’s stock in a transaction dated Tuesday, December 15th. The stock was purchased at an average price of GBX 951 ($13.68) per share, with a total value of £8,635.08 ($12,422.79).

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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