Synthomer (LON:SYNT) PT Lowered to GBX 450

Synthomer (LON:SYNT) had its price objective cut by stock analysts at Canaccord Genuity from GBX 460 ($6.05) to GBX 450 ($5.92) in a note issued to investors on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s price target suggests a potential upside of 33.21% from the stock’s previous close.

Several other research firms have also recently weighed in on SYNT. Peel Hunt restated a “buy” rating on shares of Synthomer in a report on Monday, January 13th. UBS Group lifted their target price on Synthomer from GBX 290 ($3.81) to GBX 315 ($4.14) and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Berenberg Bank reiterated a “buy” rating on shares of Synthomer in a report on Tuesday, January 14th. JPMorgan Chase & Co. upgraded Synthomer to a “neutral” rating and dropped their target price for the stock from GBX 375 ($4.93) to GBX 300 ($3.95) in a report on Thursday, December 12th. Finally, Deutsche Bank lifted their target price on Synthomer from GBX 340 ($4.47) to GBX 410 ($5.39) and gave the stock a “buy” rating in a report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 400.45 ($5.27).

LON SYNT opened at GBX 337.80 ($4.44) on Wednesday. The stock has a market capitalization of $1.43 billion and a PE ratio of 15.50. The business has a 50 day simple moving average of GBX 341.41 and a two-hundred day simple moving average of GBX 315.87. The company has a debt-to-equity ratio of 77.42, a current ratio of 1.22 and a quick ratio of 0.87. Synthomer has a 1-year low of GBX 208.02 ($2.74) and a 1-year high of GBX 397.29 ($5.23).

About Synthomer

Synthomer plc operates as a specialty chemicals company in Europe, North America, Asia, and internationally. The company offers pressure-sensitive adhesives, acrylic polymers, acrylic dispersions, and other adhesives; latices for foamed bedding products and footwear; and binders for carpet applications.

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Analyst Recommendations for Synthomer (LON:SYNT)

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