Barings Global Short Duration H with ticker code (BGH) now have 6 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 48 and 30 with a mean TP of 40.92. Given that the stocks previous close was at 13.66 this indicates there is a potential upside of 199.6%. The 50 day moving average now sits at 13.29 and the 200 day moving average is 13.34. The market capitalisation for the company is $273m. Company Website: https://www.babsoncapital.com/Strategies/Trusts/BGH/Default.aspx
The potential market cap would be $819m based on the market concensus.
Babson Capital Global Short Duration High Yield Fund is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund is co-managed by Babson Capital Global Advisors Limited. It invests in fixed income markets across the globe. The fund primarily invests in global high-yield bonds, loans, and other income-producing instruments that are, at the time of purchase, rated below Baa3 by Moody’s Investors Service, Inc. or below BBB- by Standard & Poor’s Rating Services. It seeks to invest in securities with a weighted average portfolio duration of three years or less. The fund employs bottom-up fundamental analysis to create its portfolio. It benchmarks the performance of its portfolio against the Bank of America/Merrill Lynch Global Non-Financial High Yield Constrained Index. The fund was formerly known as Babson Capital Global Short Duration High Yield Fund. Babson Capital Global Short Duration High Yield Fund was formed on October 25, 2012 and is domiciled in the United States.
