As we roll on into the new year Australian financials have reclaimed some of the losses incurred in earlier months, as investors regain faith in the sector.

Two of the Aussie banking heavyweights have fallen onto the radar of investment bank Citi in a recent note out to clients.

In the update, Citi compared Commonwealth Bank of Australia Ltd (ASX: CBA)’s buyback program to that of Westpac Banking Corporation (ASX: WBC)’s off market buyback program that was announced in recent times.

Aside from that, in a list of analysts provided by Bloomberg Intelligence, sentiment between the two banks appears to be mixed, with Westpac coming out on top in many of the brokers’ individual assessments.

So how does Westpac stack up against the CBA share price? Let’s take a look.

How are brokers comparing CBA and Westpac shares?

The team at Citi reckon that whilst Westpac looks to have improved the offer in its off market buyback program, it is still most likely less valuable than CBA’s.

Part of the reason for this is the complexities that off market buybacks create and have originated for Westpac with respect to tax and payment structuring.

Last week, Westpac went back to the drawing boards with its buyback offer and subsequently amended the discount and extended the tender period for its proposal.

Citi says this has resulted in a modest improvement in post-tax returns for investors and the bank, but it is still a far cry from CBA’s 13% return.

The broker noes that with “less tax benefits on offer, we expect Westpac will likely receive significantly less demand than CBA, but has pledged to redirect any shortfall into an on-market buy-back”.

Yet, Citi feels the equation is far more balanced now that Westpac has committed to an on-market buyback of its shares should it miss the $3.5 billion off-market threshold.

Despite the cautious tone, Citi remains bullish on Westpac and remains adamant that it is the cheapest out of all the Australian banking majors right now.

The firm rates Westpac a buy and values the bank at $27.50 per share. Meanwhile, the team at Morgans, Macquarie, Goldman Sachs, JP Morgan, Credit Suisse and Morgan Stanley each have the CBA share price as a sell right now.

JP Morgan specifically notes CBA’s “very expensive valuation” right now. Even though it forecasts revenue at the top end of the competitor group in FY23/24, it sees pre-provision profit growth being compressed relative to peers.

The broker says that “further capital management is likely in FY23, supported by its residual franking balance; however, the surplus capital position is smaller than peers on a market-cap adjusted basis”.

It is given these factors that JP Morgan sees CBA underperforming the other majors. It rates the bank a sell with a $90 price target.

What’s the sentiment?

Comparing the two stocks with respect to analyst sentiment, the consensus price target on CBA is $92.73 and 69% of the analysts covering the company advocate it as a sell.

Trading at $102.24 on last check, this suggests CBA has almost $10 of downside potential baked into the consensus valuation.

Meanwhile, Westpac has a consensus valuation of $25.27 and just 25% of analysts recommend it as a sell. With the bank trading at $21.54 on last check, analysts submit the Westpac share price is currently undervalued given this upside target.

Despite this, looking at the data a little deeper reveals some interesting results. The spread in analyst price targets is just over 53% for both companies, whereas the number of analysts advocating buy/sell for each name has remained relatively constant over the last 12 months.

The post How does Westpac stack up against the CBA (ASX:CBA) share price? appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: CBA and Westpac rise, Afterpay tumbles again
• 2 ASX 200 dividend shares named as buys
• Leading brokers name 3 ASX shares to sell
• 3 excellent ASX 200 blue chip shares to buy in 2022
• The stories that rocked the ASX 200 in 2021 revisited

The author has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Are you looking for dividend shares to add to your income portfolio? Then the two listed below could be top options.

Here’s why analysts rate these dividend shares highly:

Adairs Ltd (ASX: ADH)

The first ASX dividend share to look at is Adairs. It is a leading homewares and furniture retailer with both a physical presence and growing online presence. The latter includes through both its core brand and its online only Mocka brand.

Adairs has also recently signed an agreement to acquire Focus On Furniture for $80 million. The team at UBS is a fan of the deal. It believes it could allow Adairs to gain greater exposure to mid-market home furniture categories. This would complete its home furnishing proposition. It also sees opportunities for synergies and store rollouts in NSW and Queensland.

In response, UBS retained its buy rating and lifted its price target on the company’s shares to $5.90.

As for dividends, UBS is forecasting fully franked dividends of 19.6 cents per share in FY 2022 and 29.9 cents per share in FY 2023. Based on the current Adairs share price of $4.03, this will mean yields of 4.9% and 7.4%, respectively.

Transurban Group (ASX: TCL)

A second ASX dividend share to look at is Transurban. It is a toll road operator with a portfolio of important roads throughout Australia and North America.

Although traffic volumes have been impacted by the birder closures and lockdowns, they are expected to rebound now Australia is reopen.

Morgans is positive on Transurban. It recently commented: “We view TCL as a high quality pure-play toll road infrastructure portfolio benefitting from employment and population growth, urbanisation, and the value of time, with particular exposure to the east coast capital cities in Australia. 12 month and five year estimated total return of c.10% and 7.5% pa, respectively.”

The broker is forecasting dividends per share of 35 cents in FY 2022 and then 55.3 cents in FY 2023. Based on the current Transurban share price of $13.98, this implies yields of 2.5% and 4%, respectively. Morgans has an add rating and $14.57 price target on its shares.

The post 2 buy-rated ASX dividend shares with growing yields appeared first on The Motley Fool Australia.

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• Is the Transurban (ASX:TCL) share price in the buy zone for income investors?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Woolworths Group Ltd (ASX: WOW) share price is in the green today despite no news from the supermarket giant.

However, the company’s home sector is the best performing on the S&P/ASX 200 Index (ASX: XJO) on Wednesday. Additionally, its CEO previously noted the company was ready to approach the Christmas period in a strong position.

At the time of writing, the Woolworths share price is $38.62, 2.41% higher than its previous close.

For context, the ASX 200 has gained 1.22% while the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) is up 2.07%.

Let’s take a closer look at what might be boosting the supermarket’s stock today.

Woolworths share price surges after holiday break

The Woolworths share price is surging higher, potentially due to expectations of a fruitful holiday period.

As most market watchers will be aware, today is the ASX’s first day of trading after the Christmas public holidays.

Previously, in an update detailing the challenges brought about by COVID-19‘s Delta strain, Woolworths CEO Brad Banducci stated the company was well prepared for Christmas:

As we head into the key Christmas trading period we have a good in-stock position and positive trading momentum, and our team is working hard to ensure that our customers have access to all they need to make this a special Christmas.

It could indicate the festive break may be helping the company climb out of its COVID-19 induced slump.

While the Woolworths share price is in the green today, it isn’t performing nearly as well as some of its consumer staples peers.

The Graincorp Ltd (ASX: GNC) share price is outperforming the rest, having gained 5.16% today. Meanwhile, that of Bega Cheese Ltd (ASX: BGA) is up 4.09%.

Woolworths’ former spin out Endeavour Group Ltd (ASX: EDV) is also outperforming the supermarket. It has gained 2.5% today.

Today’s movement leaves the Woolworths share price 13% higher than it was at the start of 2021. Though, it’s still 3.7% lower than it was this time last month.

The post What’s driving the Woolworths (ASX:WOW) share price higher today? appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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ASX shares have made a swift recovery in December after investors knocked some froth off the market in earlier months, spurred on by fears of the Omicron COVID-19 variant.

Today, the benchmark S&P/ASX 200 Index (ASX: XJO) is inching higher in afternoon trade, up 1.27% at 7,514 points at the time of writing.

As we roll on into the new year, it’s a useful exercise to check what picks are on the radar of top brokers covering the Aussie markets. With that in mind, let’s take a look at what Macquarie is saying on these 3 ASX shares.

Rio Tinto Ltd (ASX: RIO)

Shares in ASX resources giant Rio Tinto are edging lower today, just 0.21% in the red at $98.89 apiece.

In a recent note to clients, bank Macquarie was positive on Rio’s purchase of the Rincon lithium project in Argentina, noting it demonstrates the miner’s commitment to investing in low-carbon commodities.

The Rincon mine has a capacity for the production of 50,000 tonnes of lithium carbonate on an annual basis with a mine life of 40 years.

Macquarie says when baking in these figures to Rio’s annual production outlook, it lifts the resource giant’s long-term lithium-carbonate production to 108,000 tonnes of lithium per year.

The broker tips Rio to outperform and rates it as a buy with a $133 price target, suggesting a 34% margin of safety at the time of writing.

Charter Hall Group (ASX: CHC)

In a recent note to clients, Macquarie says it was a tad confused with Charter Hall’s $207 million spend to buy a 50% stake in Paradice Investment Management.

The bank also notes that Charter Hall had previously sought to expand its foothold into infrastructure by potentially buying Hastings’ platform alongside its real estate debt.

While none of these investments came through, Macquarie acknowledges the ventures “were still in the sphere of real assets, which in our view is closer to the core competency of Charter Hall compared to a listed equity fund manager”.

Alas, the broker reckons that the Paradice acquisition is a key inflection point for Charter Hall’s upcoming first-half results in February.

Macquarie has Charter Hall as a buy and values the company at $22.98 per share. JP Morgan, Barrenjoey, Morgan Stanley, Jefferies, and Jarden also list Charter Hall as a buy.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

Shares in Nine Entertainment are inching higher today, trading up 1.42% at $2.85 apiece.

According to a recent note to clients, Macquarie reckons that Nine’s contract renewal for broadcast rights of the National Rugby League (NRL) on more favourable terms is a positive outcome for the media giant.

After a long period of negotiations, the NRL and Nine inked the $575 million deal only last week, extending the partnership to more than 40 years.

The broker notes that Nine won the new contract on a $130 million per annum basis for 2023 into 2027. That deal sits around 7% lower than its prior engagements with the NRL.

The cost reflects a decline in audience sizes amid Nine’s projections for the period. Macquarie sees further upside in Nine’s share price, valuing the company at $2.90 per share.

Morgan Stanley and JP Morgan are more constructive on the company’s share price, with each broker assigning price targets of $3.75 and $3.60 respectively.

The post Why is Macquarie bullish on these 3 ASX shares? appeared first on The Motley Fool Australia.

More reading

• Is this ASX sector gearing up for a year of M&A activity?
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• Top brokers name 3 ASX shares to buy next week
• These were the worst performing ASX 200 shares last week
• ASX 200 (ASX:XJO) midday update: AMP shoots higher, travel shares rise

The author has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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As many brokers are taking a well-earned break over the holiday period, broker notes are virtually non-existent at present.

In light of this, listed below are a few recent broker recommendations that remain relevant today. Here are three ASX shares rated as sells:

Fortescue Metals Group Limited (ASX: FMG)

According to a note out of Morgan Stanley, its analysts have retained their underweight rating and $14.05 price target on this iron ore miner’s shares. Although Morgan Stanley notes that Vale’s softer production outlook is a positive for the low grade iron ore market, it isn’t enough for a more positive rating. The broker continues to recommend investors stay away from low grade iron ore producers. The Fortescue share price is trading at $19.47 on Wednesday.

GrainCorp Ltd (ASX: GNC)

A note out of Bell Potter reveals that its analysts have downgraded this grain exporter’s shares to a sell rating with a $6.15 price target. While its analysts expect GrainCorp to benefit greatly in FY 2022 from two of the largest East coast crops and crop failures in the Northern hemisphere, it doesn’t expect this to last. So much so, Bell Potter is forecasting a ~50% decline in profits in FY 2023 when conditions normalise. In light of this, it feels is shares are overvalued at the current level. The GrainCorp share price is fetching $8.16 today.

Woolworths Group Ltd (ASX: WOW)

Analysts at Credit Suisse have retained their underperform rating and $31.84 price target on this retail giant’s shares. The follows news that the company is wanting to acquire pharmacy chain operator Australian Pharmaceutical Industries (ASX: API). Credit Suisse has a few concerns over the plan and notes that Woolworths doesn’t have the strongest record when it comes to portfolio expansion. The Woolworths share price is trading at $38.43 on Wednesday afternoon.

The post Top brokers name 3 ASX shares to sell appeared first on The Motley Fool Australia.

More reading

• The stories that rocked the ASX 200 in 2021 revisited
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• This week, Fortescue (ASX:FMG) produced its own hydrogen for the first time. What does this mean?
• What are experts saying to expect for ASX hydrogen shares in 2022?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Santos Ltd (ASX: STO) share price is wobbling today despite booming oil prices and a strong broader market.

While the company’s stock doesn’t seem to be responding to oil prices today, a boost in the black liquid’s value will likely be good news for the oil and gas producer in the long term.

At the time of writing, the Santos share price has recovered from its afternoon dip to trade at $6.44, 0.63% higher than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is currently up 1.06% while the S&P/ASX 200 Energy Index (ASX: XEJ) has gained 1.27%.

Let’s take a closer look at what experts are predicting for the oil price in 2022 and what that could mean for the Santos share price in the future.

What’s going on with oil prices this week?

The ASX has returned from its Christmas break wherein oil prices surged to a new 30-day high.

Right now, according to CNBC, a barrel of West Texas Intermediate oil is going for US$75.94, while Brent crude oil is trading at US$79.02 per barrel.

That’s the highest they’ve been since the emergence of the Omicron COVID-19 variant sparked an oil price crash in late November.

And, according to reporting by Reuters, the variant is also to blame for oil’s recent resurgence. Global markets are seemingly increasingly confident Omicron won’t spark another wave of global lockdowns.

That’s good news for oil, and what’s good news for oil, is generally also good news for the Santos share price.

What experts are predicting for oil prices in 2022

Many brokers are bullish for oil prices in 2022. Though, one prestigious entity isn’t so certain.

According to Fortune, both Goldman Sachs and Barclays are predicting oil prices will gain in 2022, particularly, if COVID-19 outbreaks are minimised.

Additionally, Reuters reports JP Morgan believes oil prices could go higher than US$125 per barrel in the new year, driven by production shortfalls.

However, the US Energy Information Administration disagrees. It expects Brent crude oil to average around US$70 a barrel in 2022.

What that means for the Santos share price

As oil is one of Santos’ major products, its income tends to rise and fall in line with oil prices. Of course, its incomes generally drive its stock on the ASX.

While share price movements cannot be directly correlated to rising (or falling) oil prices, changes in the commodity’s value could draw attention to Santos’ stock in 2022.

That is likely particularly true as its merger with Oil Search has now been finalised, leaving it with even more oil assets.

Today, the ASX 200 energy sector is being led by Santos’ peer, Beach Energy Ltd (ASX: BPT), closely followed by petroleum retailer, Ampol Ltd (ASX:ALD). The companies’ share prices have gained 3.48% and 2.46% respectively.

The post Could this drive the Santos (ASX:STO) share price in 2022? appeared first on The Motley Fool Australia.

More reading

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• Is the Santos (ASX:STO) share price good value after the Oil Search merger?
• 5 things to watch on the ASX 200 on Thursday
• These 3 ASX 200 shares are topping the volume charts on Wednesday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Once again, with the majority of brokers across Australia taking a well-earned break, broker notes will be few and far between over the next couple of weeks.

In light of this, listed below are a few recent broker recommendations that remain very relevant today. Here are three ASX shares rated as buys:

Accent Group Ltd (ASX: AX1)

According to a note out of UBS, its analysts have initiated coverage on this footwear retailer’s shares with a buy rating and $3.00 price target. UBS believes Accent is well-placed for growth post-COVID. It also sees opportunities for the company’s margins to expand and its store network to grow in the coming years. The Accent share price is trading at $2.45 this afternoon.

ResMed Inc. (ASX: RMD)

Analysts at Macquarie have upgraded this medical device company’s shares to an outperform rating with a $39.00 price target. Although the broker acknowledges that supply chain issues are putting pressure on near term device supply, its analysts remain bullish. This is due to an expected increase in industry volume growth from 2023 and market share gains for ResMed. Macquarie believes this will support revenue and earnings growth ahead of current consensus estimates. The ResMed share price is fetching $36.08 today.

Santos Ltd (ASX: STO)

A note out of Morgans reveals that its analysts have retained their add rating but trimmed their price target on this energy producer’s shares slightly to $8.65. This follows a review of Santos’ merger with fellow energy producer Oil Search. Morgans is positive on the company’s outlook and sees upside risk from the potential sale of stakes in some of its assets. All in all, the broker believes the merger leaves Santos well positioned to control its own future in difficult ESG-driven debt and equity markets. The Santos share price is trading at $6.51 on Wednesday afternoon.

The post Top brokers name 3 ASX shares to buy appeared first on The Motley Fool Australia.

More reading

• 2 buy-rated ASX dividend shares
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• Is the Santos (ASX:STO) share price good value after the Oil Search merger?
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group and ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Invictus Energy Ltd (ASX: IVZ) share price is soaring after the company recommenced trading this morning from a week-long halt.

At the time of writing, the oil and gas company’s shares are swapping hands at 14.5 cents apiece, up 26.09%

The surge comes amid announcements of a proposed issuing of securities and a capital raising of $5.5 million.

Let’s check the latest news from the company.

Cabora Bass capital raising

In its announcements today, Invictus said its capital raising will be to fund the development of its Cabora Bassa project in Zimbabwe.

The company says it has received investor commitments totalling $3.5 million before costs. Under its share placement scheme, Invictus will issue 35,000,000 new fully-paid ordinary shares at an issue price of 10 cents.

This represents a 13% discount on the company’s last closing price on 22 December and a 14.1% discount on the 5-day volume-weighted average price prior to the trading halt.

In addition, the company announced an additional share purchase plan for another 20 million shares for “long-term and loyal shareholders” which will raise a further $2 million.

All eligible shareholders will be able to apply for up to $30,000 of new shares.

Invictus says it plans to put the funds towards the project’s rig mobilisation fee, the purchase of “long lead items” for the planned 2-well drilling program, and the finalisation of data processing of its seismic survey.

The company is touting its Cabora Bassa project as “potentially the largest, undrilled seismically defined structure onshore Africa”.

The drilling program is due to start in the first half of 2022.

Invictus Energy share price snapshot

The Invictus Energy share price has skyrocketed over the last twelve months, up 145%.

The company has a market capitalisation of more than $80 million with almost 600 million shares issued.

The post Why is the Invictus (ASX:IVZ) share price up 26% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Alice de Bruin has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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After spending much of the day in the red, the Chalice Mining Ltd (ASX: CHN) share price has bounced back in afternoon trade.

At the time of writing, the mineral exploration company’s shares are up 4% to $9.09.

Why is the Chalice Mining share price charging higher?

The catalyst for the rise in the Chalice Mining share price today was the release of an announcement this afternoon.

According to the release, the Government of Western Australia has approved the stage two Conservation Management Plan (CMP) for initial low-impact drilling at the Hartog and Baudin targets at its 100%-owned Julimar Ni-Cu-PGE Project.

The release explains that the CMP sets out strict environmental requirements governing initial low-impact drilling activity at the priority targets located within the Julimar State Forest. The good news is that no mechanised clearing of vegetation is required to access drill sites and vegetation disturbance will be avoided where possible by using existing recreational tracks.

Chalice also highlights that it has conducted extensive flora and fauna surveys covering an area of ~5,700ha to inform the company’s drilling program. A key condition of the CMP includes monitoring by qualified fauna observers throughout the program to ensure there is no direct impact to wildlife. Furthermore, cultural heritage surveys and advice received from Yued and Whadjuk Traditional Owner groups have confirmed that no cultural heritage sites will be affected by the drilling program.

If all goes to plan with the drilling, Chalice could grow the already incredible mineral resource of the Julimar Ni-Cu-PGE Project.

In November, the company defined a tier-1 scale, pit-constrained maiden resource for the Gonneville deposit at Julimar.

The maiden indicated and inferred, pit constrained, mineral resource estimate was for 10Moz of palladium, platinum, and gold, 530kt of nickel, 330kt of copper and 53kt of cobalt. This makes it the largest nickel sulphide discovery in over 20 years and the largest platinum-group elements (PGE) discovery in Australian history.

Management believes that this establishes the foundation for a world-class green metals project.

The post Here’s why the Chalice Mining (ASX:CHN) share price is racing higher today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Cynata Therapeutics Limited (ASX: CYP) share price is in the green today following news of a company deal.

Shares in the biotechnology company are up 4.1%, trading at 50 cents at the time of writing.

Let’s look at what might be impacting the Cynata share price today.

What did the company announce?

Cynata advised it was entering a manufacturing services agreement with the Wisconsin-based Fujifilm Cellular Dynamics (FCDI).

The agreement will enable FCDI to manufacture stem cell technology for Cynata to use in clinical trials and potential commercialisation. These stem cells are derived from induced pluripotent stem cells.

Cynata is an Australian-based company that is developing therapies to treat human disease using its Cymerus therapeutic stem cell technology. This includes its lead product CYP-001, which is at the planning stage for a phase 2 clinical trial.

FCDI is a global developer of human-induced pluripotent stem cell technologies.

What did management say?

Commenting on the agreement, Cynata chief operating officer Dr Killian Kelly said:

Ultimately, we foresee FCDI manufacturing product for our growing pipeline of clinical trials in high value indications and potentially for commercial use.

This provides a turn-key manufacturing solution that our future corporate partners may avail themselves of.

Importantly, FCDI has also confirmed a strong commitment to our relationship by agreeing to extending the voluntary escrow over their shares in Cynata.

Cynata initially flagged the deal to the market in September.

Now the deal is sealed, the companies will set up a manufacturing process for the Cymerus stem cell technology at the FCDI’s US base.

Cynata share price snapshot

The Cynata share price has plummeted this year, down nearly 28% since January.

In contrast, the S&P/ASX 200 Index (ASX: XJO) is returning nearly 12% this year to date.

The company’s shares have lifted more than 11% in the past five days alone.

The company has a market capitalisation of around $71 million based on the current share price.

The post Here’s why the Cynata (ASX:CYP) share price is rising today appeared first on The Motley Fool Australia.

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• Is this ASX sector gearing up for a year of M&A activity?
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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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