Analyst Rating Update on Synergy Pharmaceuticals (SGYP)

Synergy Pharmaceuticals (SGYP) : 2 brokerage houses believe that Synergy Pharmaceuticals (SGYP) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 2 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Synergy Pharmaceuticals (SGYP) : 2 Wall Street analysts covering Synergy Pharmaceuticals (SGYP) believe that the average level the stock could reach for the short term is $10.75. The maximum price target given is $15 and the minimum target for short term is around $7, hence the standard deviation is calculated at $6.01.

For the current week, the company shares have a recommendation consensus of Buy.


Synergy Pharmaceuticals (NASDAQ:SGYP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.07 and $4.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.20, notching a gain of 2.19% for the day. The total traded volume was 1,382,178 . The stock had closed at $4.11 on the previous day.

Synergy Pharmaceuticals Inc. (Synergy) is a biopharmaceutical company focused on the development of drugs to treat gastrointestinal (GI), disorders and diseases. The Companys platform technology is based on the naturally occurring human GI peptide, uroguanylin, a regulator of normal GI physiology. The Companys products include plecanatide, SP-333 and FV-100. The Companys lead product is plecanatide, a guanylate cyclase C (GC-C), receptor agonist, designed to treat GI disorders, primarily chronic idiopathic constipation (CIC), and constipation predominant irritable bowel syndrome (IBS-C). The Company is developing a second-generation GC-C receptor agonist, SP-333, for the treatment of opioid induced constipation (OIC), and for inflammatory bowel disease (IBD). FV-100 is an orally available nucleoside analog. The Companys subsidiaries include Synergy Advanced Pharmaceuticals, Inc., IgX, Ltd and ContraVir Pharmaceuticals, Inc.

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