Analysts Set Synthetic Biologics Inc (SYN) PT at $5.45
Shares of Synthetic Biologics Inc (NYSEMKT:SYN) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $5.45.
SYN has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Synthetic Biologics from a “buy” rating to a “hold” rating in a report on Friday, April 7th. William Blair reiterated an “outperform” rating and issued a $5.00 price target on shares of Synthetic Biologics in a report on Monday, May 22nd. Finally, ValuEngine downgraded shares of Synthetic Biologics from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd.
Institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in Synthetic Biologics during the fourth quarter valued at $356,000. LMR Partners LLP acquired a new position in Synthetic Biologics during the second quarter valued at $194,000. Bank of New York Mellon Corp increased its position in Synthetic Biologics by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 263,598 shares of the company’s stock valued at $166,000 after buying an additional 7,962 shares during the period. UBS Group AG increased its position in Synthetic Biologics by 10.3% in the first quarter. UBS Group AG now owns 214,357 shares of the company’s stock valued at $135,000 after buying an additional 20,038 shares during the period. Finally, Creative Planning increased its position in Synthetic Biologics by 65.4% in the second quarter. Creative Planning now owns 177,000 shares of the company’s stock valued at $100,000 after buying an additional 70,000 shares during the period.
Shares of Synthetic Biologics (SYN) traded up 15.000% during mid-day trading on Friday, hitting $0.598. 3,174,673 shares of the stock traded hands. Synthetic Biologics has a 12-month low of $0.41 and a 12-month high of $1.90. The firm’s market cap is $72.89 million. The firm’s 50 day moving average price is $0.57 and its 200 day moving average price is $0.64.
Synthetic Biologics (NYSEMKT:SYN) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. On average, equities research analysts predict that Synthetic Biologics will post ($0.21) EPS for the current fiscal year.
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About Synthetic Biologics
Synthetic Biologics, Inc is a clinical-stage company. The Company is engaged in developing therapeutics to protect the gut microbiome while targeting pathogen-specific diseases. The Company’s lead product candidates in Phase II development are SYN-010, which is intended to reduce the impact of methane-producing organisms in the gut microbiome to treat an underlying cause of irritable bowel syndrome with constipation (IBS-C), and SYN-004, which is designed to protect the gut microbiome (gastrointestinal (GI) microflora) from the effects of certain commonly used intravenous (IV) antibiotics for the prevention of C.
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