Syngenta (SYT) is Upgraded by Jefferies to Buy , according to the research report released to the investors. Earlier the firm had a rating of Hold on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.
Shares of Syngenta AG (NYSE:SYT) ended Thursday session in red amid volatile trading. The shares closed down 2.02 points or 2.65% at $74.24 with 387,069 shares getting traded. Post opening the session at $75.13, the shares hit an intraday low of $74.2 and an intraday high of $75.27 and the price vacillated in this range throughout the day. The company has a market cap of $34,501 million and the number of outstanding shares has been calculated to be 464,728,250 shares. The 52-week high of Syngenta AG (NYSE:SYT) is $98.15 and the 52-week low is $61.61.
During the last several months other analysts have commented on the company rating. Bernstein upgrades its rating on Syngenta AG (NYSE:SYT). Analysts at the Bernstein have a current rating of Outperform on the shares. The rating by the firm was issued on September 11, 2015.
As many as 4 brokerage firms have rated Syngenta AG (NYSE:SYT) at 2.5. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. The stock garnered a place in the hold list of 3 stock Analysts. 1 analysts rated the company as a strong buy.
Syngenta AG (NYSE:SYT): 3 analysts have set the short term price target of Syngenta AG (NYSE:SYT) at $71.12. The standard deviation of short term price target has been estimated at $7.72, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 80 and $66 respectively.
Syngenta AG has lost 5.31% in the last five trading days and dropped 6.1% in the last 4 weeks. Syngenta AG is up 7.88% in the last 3-month period. Year-to-Date the stock performance stands at 19.59%.”
Syngenta AG (Syngenta) is an agribusiness operating in the crop protection and seeds businesses. The Company is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality. The crop protection chemicals include herbicides, insecticides, fungicides and seed treatments to control weeds, insects and diseases in crops. Many of these products also have application in the professional products sector in areas, such as public health, turf and ornamental markets. The seeds business operates in three sectors: seeds for field crops, including corn, oilseeds, cereals and sugar beet; vegetable and flower seeds, and pot and bedding plants. The Company operates in three business segments: crop protection, seeds and business development. In April 2014, the Company acquired Societa Produttori Sementi SpA, an Argelato-based owner and operator of wheat farm.