Synthomer PLC (SYNT) Stock Rating Reaffirmed by Barclays PLC
Synthomer PLC (LON:SYNT)‘s stock had its “overweight” rating reissued by analysts at Barclays PLC in a report released on Thursday.
Several other equities analysts also recently issued reports on SYNT. Numis Securities Ltd lifted their price objective on Synthomer PLC from GBX 460 ($5.99) to GBX 500 ($6.51) and gave the company a “hold” rating in a research report on Wednesday. Jefferies Group LLC reiterated a “hold” rating and issued a GBX 465 ($6.06) price objective on shares of Synthomer PLC in a research report on Wednesday. Deutsche Bank AG lifted their price objective on Synthomer PLC from GBX 525 ($6.84) to GBX 550 ($7.16) and gave the company a “buy” rating in a research report on Wednesday. Canaccord Genuity reiterated a “buy” rating and issued a GBX 500 ($6.51) price objective on shares of Synthomer PLC in a research report on Tuesday. Finally, J P Morgan Chase & Co lifted their price objective on Synthomer PLC from GBX 368 ($4.79) to GBX 440 ($5.73) and gave the company a “neutral” rating in a research report on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 467.69 ($6.09).
Shares of Synthomer PLC (LON SYNT) opened at 484.40 on Thursday. The company’s 50 day moving average price is GBX 489.88 and its 200 day moving average price is GBX 478.48. The firm’s market capitalization is GBX 1.65 billion. Synthomer PLC has a 52-week low of GBX 339.60 and a 52-week high of GBX 516.37.
In other news, insider Alexander G. Catto sold 950,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of GBX 497 ($6.47), for a total transaction of £4,721,500 ($6,148,587.06). Also, insider Calum MacLean bought 3,424 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were purchased at an average price of GBX 497 ($6.47) per share, with a total value of £17,017.28 ($22,160.80).
Synthomer PLC Company Profile
Synthomer Plc is a specialty chemical company. The Company supplies aqueous polymers in various markets, including paper, carpet and foam, construction and coating, functional polymers, health and protection, specialties and other. It operates in segments, including Europe and North America and Asia and Rest of World.
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