Jefferies Financial Group Lowers Synthomer (LON:SYNT) Price Target to GBX 270
Synthomer (LON:SYNT) had its price target lowered by Jefferies Financial Group from GBX 375 ($4.93) to GBX 270 ($3.55) in a research report issued to clients and investors on Tuesday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 39.90% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Berenberg Bank restated a “buy” rating on shares of Synthomer in a research report on Tuesday, January 14th. Deutsche Bank restated a “buy” rating and issued a GBX 410 ($5.39) price target on shares of Synthomer in a research report on Friday, March 6th. Peel Hunt reiterated a “hold” rating on shares of Synthomer in a research report on Thursday, March 5th. UBS Group reiterated a “neutral” rating on shares of Synthomer in a research report on Monday, March 2nd. Finally, Canaccord Genuity dropped their price objective on Synthomer from GBX 460 ($6.05) to GBX 450 ($5.92) and set a “buy” rating for the company in a research report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 361.67 ($4.76).
Shares of SYNT stock traded down GBX 5.70 ($0.07) during mid-day trading on Tuesday, reaching GBX 193 ($2.54). The stock had a trading volume of 1,305,574 shares, compared to its average volume of 523,513. Synthomer has a 12-month low of GBX 208.02 ($2.74) and a 12-month high of GBX 397.29 ($5.23). The company has a market cap of $814.62 million and a P/E ratio of 9.02. The business has a 50-day simple moving average of GBX 301.08 and a 200 day simple moving average of GBX 312.77. The company has a current ratio of 1.41, a quick ratio of 0.99 and a debt-to-equity ratio of 20.75.
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.
Receive News & Ratings for Synthomer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synthomer and related companies with MarketBeat.com's FREE daily email newsletter.