Syngenta AG Price Target Cut to $83.00 by Analysts at Jefferies Group (SYT)
Research analysts at Jefferies Group dropped their price objective on shares of Syngenta AG (NYSE:SYT) from $86.00 to $83.00 in a report released on Thursday, American Banking and Market News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 3.49% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Syngenta AG from $389.00 to $392.00 in a research note to investors on Thursday, October 3rd. They now have an “equal weight” rating on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Syngenta AG from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 30th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Syngenta AG in a research note to investors on Tuesday, July 30th. They now have a $84.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $186.33.
Shares of Syngenta AG (NYSE:SYT) traded up 3.56% on Thursday, hitting $80.20. 349,342 shares of the company’s stock traded hands. Syngenta AG has a one year low of $73.29 and a one year high of $87.73. The stock has a 50-day moving average of $79.86 and a 200-day moving average of $80.49. The company has a market cap of $36.881 billion and a price-to-earnings ratio of 19.95.
Syngenta AG (NYSE:SYT) is an agribusiness operating in the crop protection and seeds businesses.
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