Synthomer (LON:SYNT) Earns “Neutral” Rating from UBS Group
UBS Group reissued their neutral rating on shares of Synthomer (LON:SYNT) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also recently weighed in on the company. Peel Hunt restated a buy rating on shares of Synthomer in a research note on Thursday, February 13th. Berenberg Bank restated a buy rating on shares of Synthomer in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upgraded Synthomer to a neutral rating and decreased their target price for the stock from GBX 375 ($4.93) to GBX 300 ($3.95) in a research note on Thursday, December 12th. Jefferies Financial Group began coverage on Synthomer in a research note on Monday, December 16th. They set a buy rating and a GBX 375 ($4.93) target price for the company. Finally, Canaccord Genuity decreased their target price on Synthomer from GBX 460 ($6.05) to GBX 450 ($5.92) and set a buy rating for the company in a research note on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of GBX 399.09 ($5.25).
Shares of SYNT opened at GBX 331.20 ($4.36) on Tuesday. The stock has a 50-day simple moving average of GBX 338.84 and a 200-day simple moving average of GBX 316.01. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.87 and a current ratio of 1.22. The stock has a market capitalization of $1.41 billion and a PE ratio of 15.19. Synthomer has a 1 year low of GBX 208.02 ($2.74) and a 1 year high of GBX 397.29 ($5.23).
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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