Syngenta AG Downgraded by Goldman Sachs to “Neutral” (SYT)
Shares of Syngenta AG (NYSE:SYT) traded down 0.17% on Friday, hitting $71.32. The stock had a trading volume of 208,509 shares. Syngenta AG has a one year low of $67.25 and a one year high of $83.05. The stock’s 50-day moving average is $72.48 and its 200-day moving average is $74.62. The company has a market cap of $32.698 billion and a price-to-earnings ratio of 20.26. Syngenta AG also was the target of a large decline in short interest in 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. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 238,103 shares, the short-interest ratio is currently 3.2 days.
A number of other firms have also recently commented on SYT. 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Syngenta AG has an average rating of “Hold” and an average price target of $236.50.
Syngenta AG (NYSE:SYT) is an agribusiness operating in the crop protection and seeds businesses.
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