BG Group plc Upgraded to Outperform by BMO Capital Markets (BRGYY)
BMO Capital Markets upgraded shares of BG Group plc (OTCMKTS:BRGYY) from a market perform rating to an outperform rating in a report published on Monday morning, The Fly reports. The analysts noted that the move was a valuation call.
Shares of BG Group plc (OTCMKTS:BRGYY) traded up 2.72% during midday trading on Monday, reaching $15.10. The company’s stock had a trading volume of 56,297 shares. The stock’s market cap is $51.52 billion. The firm has a 50-day moving average of $15.40 and a 200-day moving average of $16.37. BG Group plc has a one year low of $11.99 and a one year high of $18.81.
BG Group plc (OTCMKTS:BRGYY) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.55. On average, analysts forecast that BG Group plc will post $0.36 EPS for the current year.
Other equities analysts have also issued reports about the company. Redburn Partners downgraded BG Group plc to a sell rating in a report on Monday, June 29th. Barclays upgraded BG Group plc from an equal weight rating to an overweight rating in a research note on Monday, August 3rd. Credit Suisse upgraded BG Group plc from a neutral rating to an outperform rating in a research note on Monday, August 3rd. HSBC cut BG Group plc from an overweight rating to a hold rating in a report on Tuesday, June 23rd. Finally, Nomura raised BG Group plc from a neutral rating to a buy rating in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy.
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 (OTCMKTS:BRGYY). It has two business segments: Upstream, including exploration and production and liquefaction, and LNG Shipping & Marketing, which combines the development and application of LNG import facilities with all the purchase, transport and sale of LNG and re-gasified gas that is natural. The Business ‘s remaining Transmission and Distribution companies, primarily Mahanagar Gas Limited in India, and specific corporate activities are a part of the Other actions section. The Upstream company section covers exploration and production actions plus liquefaction operations related to integrated LNG jobs. The LNG Shipping & Marketing segment covers the Organization ‘s interests and capacity, together with activities, including ships purchases, advertises and sells LNG in re-gasification facilities.
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