Syngenta AG Receives Average Rating of “Hold” from Analysts (NYSE:SYT)
Syngenta AG (NYSE:SYT) has earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the company, American Banking and Market News reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $236.50.
A number of analysts have recently weighed in on SYT shares. Analysts at Zacks downgraded shares of Syngenta AG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 30th. They now have a $64.00 price target on the stock. Separately, analysts at Berenberg Bank downgraded shares of Syngenta AG from a “buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Finally, analysts at Credit Suisse upgraded shares of Syngenta AG from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 16th.
Syngenta AG (NYSE:SYT) opened at 71.44 on Monday. Syngenta AG has a one year low of $67.25 and a one year high of $83.05. The stock has a 50-day moving average of $72.5 and a 200-day moving average of $74.63. The company has a market cap of $32.753 billion and a price-to-earnings ratio of 20.20. Syngenta AG also saw a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 755,959 shares, a decline of 45.1% from the July 15th total of 1,376,830 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 238,103 shares, the short-interest ratio is presently 3.2 days.
Syngenta AG (NYSE:SYT) is an agribusiness operating in the crop protection and seeds businesses.
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