Synthomer (LON:SYNT) Rating Reiterated by Peel Hunt
Synthomer (LON:SYNT)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a note issued to investors on Monday, September 16th, Digital Look reports. They currently have a GBX 435 ($5.68) price target on the stock. Peel Hunt’s price target suggests a potential upside of 33.85% from the company’s current price.
A number of other brokerages also recently weighed in on SYNT. Barclays downgraded shares of Synthomer to a “restricted” rating in a report on Thursday, July 4th. Peel Hunt reissued a “buy” rating and issued a GBX 500 ($6.53) price target on shares of Synthomer in a report on Wednesday, July 3rd. Berenberg Bank reaffirmed a “buy” rating on shares of Synthomer in a report on Friday, September 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Synthomer in a report on Thursday, May 23rd. Finally, Deutsche Bank reduced their price objective on shares of Synthomer from GBX 500 ($6.53) to GBX 375 ($4.90) and set a “buy” rating for the company in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Synthomer currently has a consensus rating of “Buy” and a consensus price target of GBX 438 ($5.72).
Synthomer stock traded down GBX 9.80 ($0.13) during mid-day trading on Monday, reaching GBX 325 ($4.25). The company had a trading volume of 1,012,569 shares, compared to its average volume of 523,513. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 77.42. Synthomer has a 52 week low of GBX 277.80 ($3.63) and a 52 week high of GBX 516.68 ($6.75). The company has a 50 day moving average of GBX 306.55 and a 200-day moving average of GBX 362.88. The firm has a market cap of $1.38 billion and a price-to-earnings ratio of 14.91.
Synthomer Company Profile
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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