Synthomer PLC (SYNT) Receives Average Recommendation of “Hold” from Brokerages
Shares of Synthomer PLC (LON:SYNT) have been given an average recommendation of “Hold” by the thirteen research firms that are covering the stock. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 438.15 ($5.36).
SYNT has been the topic of a number of recent analyst reports. Barclays PLC restated an “overweight” rating and set a GBX 495 ($6.05) price target (up previously from GBX 400 ($4.89)) on shares of Synthomer PLC in a research note on Friday. Deutsche Bank AG restated a “buy” rating and set a GBX 500 ($6.11) price target on shares of Synthomer PLC in a research note on Monday, February 6th. Credit Suisse Group AG upped their price target on shares of Synthomer PLC from GBX 345 ($4.22) to GBX 390 ($4.77) and gave the company an “underperform” rating in a research note on Wednesday, March 8th. Berenberg Bank upped their price target on shares of Synthomer PLC from GBX 505 ($6.17) to GBX 525 ($6.42) and gave the company a “buy” rating in a research note on Monday. Finally, Morgan Stanley restated an “underweight” rating and set a GBX 350 ($4.28) price target on shares of Synthomer PLC in a research note on Monday, February 6th.
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Synthomer PLC (LON:SYNT) traded up 0.30% on Friday, hitting GBX 465.50. 304,146 shares of the company were exchanged. The company’s market capitalization is GBX 1.58 billion. The firm’s 50 day moving average is GBX 449.86 and its 200 day moving average is GBX 389.43. Synthomer PLC has a 52 week low of GBX 300.30 and a 52 week high of GBX 471.71.
The firm also recently disclosed a dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 8th will be paid a GBX 7.80 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a dividend yield of 1.75%. This is a positive change from Synthomer PLC’s previous dividend of $3.50.
Synthomer PLC Company Profile
Synthomer Plc is a United Kingdom-based specialty chemical company. The Company supplies lattices and specialty emulsion polymers for markets, including paper and board, constructions and coatings, health and protection, functional polymers, performance polymers, and carpet, compounds and foam. It operates in segments, including Europe and North America (ENA) and Asia and Rest of World (ARW).
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