Venture Global (NYSE:VG) Upgraded by UBS Group to "Buy" Rating

Key Points

• UBS Group has upgraded Venture Global (NYSE:VG) from a "neutral" rating to a "buy" rating, with a target price of $18.00, indicating a potential upside of 40.08% from its current price.
• Several analysts have varied ratings on Venture Global, with eight giving it a Buy rating and five giving it a Hold rating, contributing to an average rating of "Moderate Buy".
• Venture Global has seen significant institutional investment recently, with firms like Allianz Asset Management and Vanguard Group acquiring large stakes in the company.

Venture Global (NYSE:VG - Get Free Report) was upgraded by analysts at UBS Group from a "neutral" rating to a "buy" rating in a research note issued to investors on Monday,Benzinga reports. The firm presently has a $18.00 target price on the stock. UBS Group's price target suggests a potential upside of 40.08% from the company's current price.

VG has been the subject of several other research reports. Wells Fargo & Company boosted their price target on shares of Venture Global from $12.00 to $14.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. boosted their price target on shares of Venture Global from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Venture Global from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a report on Monday, July 14th. Bank of America boosted their price target on shares of Venture Global from $12.00 to $18.50 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, The Goldman Sachs Group reduced their price target on shares of Venture Global from $20.00 to $17.50 and set a "buy" rating for the company in a report on Wednesday, May 14th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.00.

Venture Global Stock Performance

Venture Global stock opened at $12.85 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.39 and a debt-to-equity ratio of 3.38. Venture Global has a 12 month low of $6.75 and a 12 month high of $25.50. The company has a fifty day moving average price of $15.23 and a two-hundred day moving average price of $12.79.

Institutional Investors Weigh In On Venture Global

A number of institutional investors and hedge funds have recently bought and sold shares of VG. Allianz Asset Management GmbH acquired a new stake in Venture Global in the 1st quarter valued at about $3,547,294,000. Vanguard Group Inc. acquired a new stake in Venture Global in the 1st quarter valued at about $125,788,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Venture Global in the 2nd quarter valued at about $76,489,000. Deutsche Bank AG acquired a new stake in Venture Global in the 1st quarter valued at about $37,798,000. Finally, Millennium Management LLC acquired a new stake in Venture Global in the 1st quarter valued at about $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.

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