Sanofi (SNY) Shares Gap Up to $38.41
Shares of Sanofi (NYSE:SNY) gapped up prior to trading on Friday . The stock had previously closed at $37.91, but opened at $38.41. Sanofi shares last traded at $39.16, with a volume of 754,046 shares changing hands.
Several analysts have recently issued reports on the company. TheStreet downgraded Sanofi from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Berenberg Bank restated a “hold” rating and issued a $93.00 price objective on shares of Sanofi in a research report on Monday, August 15th. Zacks Investment Research downgraded Sanofi from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Citigroup Inc. restated a “neutral” rating on shares of Sanofi in a research report on Tuesday, June 28th. Finally, Barclays PLC upgraded Sanofi from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 12th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $60.50.
The company has a 50-day moving average price of $40.45 and a 200-day moving average price of $40.65. The stock has a market cap of $100.85 billion and a P/E ratio of 21.64.
Sanofi SA is a healthcare company focused on patient needs and engaged in the research, development, manufacture and marketing of healthcare products. The Company is organized around three principal activities: Pharmaceuticals, Human Vaccines via Sanofi Pasteur, and Animal Health via Merial. The Company invests in emerging markets, diabetes solutions, vaccines, consumer health care, animal health, genzyme and other products.
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