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BG Group downgraded by Credit Suisse

27 January 2016 14:38

Credit Suisse has downgraded its recommendation on BG Group (LON:BG.) to neutral from buy, which it said was on valuation grounds.

The broker also added: "We are positive on RDS, and we think the proposed transaction for BG will go through and close in early 2016.

"The narrow spread generally reflects a high chance of the deal going through."

Analysts have cut their target price to 1,000 pence per share (from 1,300 pence), stating that this reflects the marking to market of RDS shares.

At 2:38pm: (LON:BG.) BG Group PLC share price was +8.35p at 1003.25p

Story provided by StockMarketWire.com

Related Company: BG.

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