Synthomer (LON:SYNT) Earns Buy Rating from Peel Hunt
Synthomer (LON:SYNT)‘s stock had its “buy” rating reiterated by Peel Hunt in a report issued on Thursday, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. raised shares of 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 research report on Thursday, December 12th. UBS Group boosted their target price on shares of Synthomer from GBX 290 ($3.81) to GBX 315 ($4.14) and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Jefferies Financial Group initiated coverage on shares of Synthomer in a research report on Monday, December 16th. They set a “buy” rating and a GBX 375 ($4.93) target price on the stock. Deutsche Bank boosted their target price on shares of Synthomer from GBX 340 ($4.47) to GBX 410 ($5.39) and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Synthomer in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 400.45 ($5.27).
Shares of SYNT stock opened at GBX 332.60 ($4.38) on Thursday. Synthomer has a 1 year low of GBX 208.02 ($2.74) and a 1 year high of GBX 397.29 ($5.23). The firm’s fifty day simple moving average is GBX 340.96 and its 200 day simple moving average is GBX 315.89. The firm has a market capitalization of $1.41 billion and a P/E ratio of 15.26. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 77.42.
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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