Synthomer (LON:SYNT) Given Buy Rating at Berenberg Bank
Berenberg Bank reiterated their buy rating on shares of Synthomer (LON:SYNT) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
Other research analysts have also recently issued research reports about the company. Peel Hunt restated a buy rating and issued a GBX 450 ($5.88) target price (down previously from GBX 500 ($6.53)) on shares of Synthomer in a research note on Monday, August 5th. UBS Group upgraded Synthomer to a neutral rating and lowered their target price for the company from GBX 326 ($4.26) to GBX 310 ($4.05) in a research note on Friday, August 16th. JPMorgan Chase & Co. reiterated an underweight rating on shares of Synthomer in a research note on Thursday, May 23rd. Peel Hunt reiterated a buy rating and set a GBX 500 ($6.53) price objective on shares of Synthomer in a research note on Wednesday, July 3rd. Finally, Credit Suisse Group lowered their price objective on Synthomer from GBX 400 ($5.23) to GBX 370 ($4.83) and set a neutral rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Synthomer presently has an average rating of Buy and an average price target of GBX 438 ($5.72).
SYNT opened at GBX 330.60 ($4.32) on Friday. The stock has a market cap of $1.40 billion and a PE ratio of 15.17. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 77.42. The business has a 50 day moving average of GBX 306.35 and a 200-day moving average of GBX 364.08. Synthomer has a 52 week low of GBX 277.80 ($3.63) and a 52 week high of GBX 520.88 ($6.81).
In other Synthomer news, insider Alexander G. Catto sold 560,966 shares of Synthomer stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of GBX 88 ($1.15), for a total transaction of £493,650.08 ($645,041.26).
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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