Synthomer (LON:SYNT) Hits New 52-Week Low After Analyst Downgrade
Synthomer PLC (LON:SYNT) shares reached a new 52-week low during mid-day trading on Tuesday after Berenberg Bank lowered their price target on the stock from GBX 345 to GBX 260. Berenberg Bank currently has a buy rating on the stock. Synthomer traded as low as GBX 194.10 ($2.55) and last traded at GBX 194.10 ($2.55), with a volume of 7259 shares trading hands. The stock had previously closed at GBX 193 ($2.54).
SYNT has been the subject of several other research reports. UBS Group reissued a “neutral” rating on shares of Synthomer in a report on Monday, March 2nd. Deutsche Bank lowered their price target on Synthomer from GBX 410 ($5.39) to GBX 265 ($3.49) and set a “buy” rating for the company in a report on Wednesday. Peel Hunt reissued a “hold” rating on shares of Synthomer in a report on Thursday, March 5th. JPMorgan Chase & Co. lowered their price target on Synthomer from GBX 300 ($3.95) to GBX 242 ($3.18) and set a “neutral” rating for the company in a report on Tuesday. Finally, Canaccord Genuity lowered their price target on Synthomer from GBX 460 ($6.05) to GBX 450 ($5.92) and set a “buy” rating for the company in a report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Synthomer has an average rating of “Buy” and a consensus price target of GBX 329.67 ($4.34).
The company has a debt-to-equity ratio of 20.75, a current ratio of 1.41 and a quick ratio of 0.99. The firm has a market cap of $840.78 million and a price-to-earnings ratio of 9.25. The firm has a fifty day simple moving average of GBX 284.28 and a two-hundred day simple moving average of GBX 309.73.
About Synthomer (LON:SYNT)
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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