BG Group (LON:BG) Rating Reaffirmed
In a note released on Monday, 14 December, The “Outperform” rating of BG Group (LON:BG) shares was reiterated by Analysts at RBC Capital Markets, who now has a GBX 1275 target PPS on the stock. RBC Capital Markets’s target PPS implies a possible upside of 36.00% from the price per share of the company.
From a total of 21 analysts covering BG Group PLC (LON:BG) stock, 16 rate it a ”Buy”, 2 a “Sell”, and 6 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is GBX 24.29 while the lowest target price is GBX 16.7. The mean of all analyst targets is GBX 19.06 with a 81.19% above today’s (GBX 941.8) stock price. BG Group PLC was the topic of 83 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 7 with “Outperform” rating. Santander downgraded shares to “Hold” rating and GBX 1160 target share price in a report from a November 24. Beaufort Securities maintained BG stock in a recent report from December 4 with “Buy” rating. Liberum Capital maintained the rating on November 19. Liberum Capital has a “Buy” rating and a GBX 1185 price target on shares. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on a December 1.
Approximately 5.00M shares of stock traded hands. BG Group plc (LON:BG) has declined 21.34% since May 15, 2015 and is downtrending. It has underperformed by 16.93% the S&P500.
The overall sentiment of institutions has decreased to 0.88 in Q2 2015. Its down 0.30, from 1.18 in 2015Q2. The ratio worsened, as 52 institutions have sold all the shares of BG Group plc that they owned while 135 funds have taken shares off the table. 44 funds have purchased shares for the first time while 121 added to their positions. These institutions now hold 127.96 million shares or 8.10% more than the 118.37 million shares they owned in 2015Q2.
The Fund Relational Investors Llc currently is holding shares equating to 43.14% of its total portfolio in BG Group plc representing a total of 4.95 million shares. Another fund,Taube Hodson Stonex Partners Llp, is holding a total of 411,539 shares equating to 34.52% of their holdings. Additionally, Eclectica Asset Management Llp has a 12,000 share stake in BG Group plc which represents 5.13% of their total portfolio. The Fund, Rdl Financial Inc, based out of Virginia, has also built up a stake in the stock, which represents a total of 3.02% of their total portfolio. Finally Harding Loevner Lp, a fund which is based in the state of New Jersey reported a total holdings of 4.72 million shares.
BG Group plc is a United Kingdom-based natural gas company. The company has a market cap of 31.41 billion GBP. The Firm has a portfolio of business interests focused on gas and oil exploration and production and on liquefied natural gas . It currently has negative earnings. It has two business divisions: 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.
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