Syngenta AG (SYT) Sees Strong Trading Volume
Shares of Syngenta AG (NYSE:SYT) saw unusually-high trading volume on Tuesday . Approximately 752,956 shares were traded during trading, an increase of 16% from the previous session’s volume of 646,702 shares.The stock last traded at $86.94 and had previously closed at $87.81.
Several brokerages have weighed in on SYT. Raymond James Financial Inc. upgraded Syngenta AG from a “mkt perform” rating to an “outperform” rating in a research report on Friday, July 15th. Zacks Investment Research upgraded Syngenta AG from a “sell” rating to a “hold” rating in a research report on Wednesday, May 25th. Deutsche Bank AG reiterated a “buy” rating on shares of Syngenta AG in a research report on Tuesday. Finally, Jefferies Group reiterated a “buy” rating on shares of Syngenta AG in a research report on Thursday, May 19th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Syngenta AG has an average rating of “Buy” and an average price target of $83.73.
The stock’s 50-day moving average is $78.87 and its 200-day moving average is $80.49. The firm has a market cap of $39.90 billion and a PE ratio of 33.83.
A hedge fund recently raised its stake in Syngenta AG stock. Bank of Montreal Can increased its stake in shares of Syngenta AG (NYSE:SYT) by 182.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 23,030 shares of the company’s stock after buying an additional 14,868 shares during the period. Bank of Montreal Can’s holdings in Syngenta AG were worth $1,812,000 at the end of the most recent quarter.
Syngenta AG is an agribusiness operating in the crop protection and seeds business. The Company is engaged in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality. The Company operates through five segments: the four geographic regions, Europe, Africa and Middle East, North America, Latin America and Asia Pacific, consisting of the integrated Crop Protection and Seeds business, and the global Lawn and Garden business.
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