Syngenta AG Upgraded to Overweight at HSBC (SYT)
Syngenta AG (NYSE:SYT) was upgraded by HSBC from a “neutral” rating to an “overweight” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports.
Syngenta AG (NYSE:SYT) traded up 0.81% during mid-day trading on Wednesday, hitting $82.27. The stock had a trading volume of 164,663 shares. Syngenta AG has a 1-year low of $73.11 and a 1-year high of $87.73. The stock’s 50-day moving average is $79.3 and its 200-day moving average is $81.31. The company has a market cap of $37.833 billion and a price-to-earnings ratio of 21.02.
SYT has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. cut their price target on shares of Syngenta AG from $500.00 to $480.00 in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Syngenta AG from $420.00 to $400.00 in a research note to investors on Monday, October 21st. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of Syngenta AG from $400.00 to $390.00 in a research note to investors on Monday, October 21st. They now have a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $318.71.
Syngenta AG (NYSE:SYT) is an agribusiness operating in the crop protection and seeds businesses.
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