Venture Global (NYSE:VG) Upgraded by Deutsche Bank Aktiengesellschaft to "Buy" Rating

Key Points

• Venture Global has been upgraded by Deutsche Bank from a "hold" to a "buy" rating, with a price target of $17.00, indicating a potential upside of 30.37% from the current price.
• Other recent upgrades include UBS Group raising their rating to "buy" with a price target of $18.00, and JPMorgan Chase increasing their target to $17.00.
• Venture Global's stock has shown volatility, with a twelve-month low of $6.75 and a high of $25.50, and has attracted significant investments from major institutional players.

Venture Global (NYSE:VG - Get Free Report) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a $17.00 price target on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 30.87% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price target on Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. UBS Group upgraded Venture Global from a "neutral" rating to a "buy" rating and set a $18.00 price target on the stock in a research report on Monday, August 25th. Wall Street Zen upgraded Venture Global from a "sell" rating to a "hold" rating in a research report on Saturday, June 28th. The Goldman Sachs Group dropped their price target on Venture Global from $20.00 to $17.50 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company boosted their target price on Venture Global from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $17.00.

Venture Global Stock Up 1.3%

VG stock traded up $0.17 during trading on Thursday, hitting $12.99. The company had a trading volume of 4,621,074 shares, compared to its average volume of 6,975,475. Venture Global has a 1-year low of $6.75 and a 1-year high of $25.50. The firm has a 50-day moving average price of $14.71 and a 200-day moving average price of $12.67. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.33 and a current ratio of 1.39.

Hedge Funds Weigh In On Venture Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH acquired a new stake in shares of Venture Global in the 1st quarter worth approximately $3,547,294,000. Vanguard Group Inc. purchased a new position in shares of Venture Global during the 1st quarter worth $125,788,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Venture Global during the 2nd quarter worth $76,489,000. Deutsche Bank AG purchased a new position in shares of Venture Global during the 1st quarter worth $37,798,000. Finally, Millennium Management LLC purchased a new position in shares of Venture Global in the 1st quarter worth $32,099,000.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.