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Syntel (NASDAQ:SYNT) target dropped to $28.00, released a research note earlier today by Maxim Group

In a report issued 10/04/2016 Maxim Group bumped down the target of Syntel (NASDAQ:SYNT) from $45.00 to $28.00 reporting a possible downside of -0.34%.

Only yesterday Syntel (NASDAQ:SYNT) traded -40.20% lower at $42.64. The company’s 50-day moving average is $43.85 and its 200-day moving average is $45.13. The last closing price is down -43.50% relative to the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. 3,019,139 shares of SYNT were exchanged, up from an average volume of 384,636

Performance Chart

Syntel (NASDAQ:SYNT)

Syntel has price-earnings ratio of 8.15 with a 52 week low of $25.15 and a 52 week high of $50.92 and has a market capitalization of $0.

A total of 9 equity analysts have released a ratings update on Syntel. 2 brokers rating the stock a strong buy, 3 brokerages rating the stock a buy, 7 firms rating the stock a hold, 0 equity analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $48.67.

General Information About Syntel (NASDAQ:SYNT)

Syntel, Inc. (Syntel) is a global provider of digital transformation, information technology and knowledge process outsourcing services. The Company operates through five segments: Banking and Financial Services, which serves financial institutions around the world; Healthcare and Life Sciences, which serve various companies, including healthcare payers, providers, and pharmaceutical and medical device providers; Insurance, which serve the needs of property and casualty insurers, insurance brokers, personal, commercial, life and retirement insurance service providers; Manufacturing, which provides business consulting and technology services for industrial and automotive clients, and Retail, Logistics and Telecom, which serves a range of retailers and distributors, logistics clients and clients in the telecom industry. The Company offers its products and services under the Syntel brand.

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