Synthomer (LON:SYNT) Given “Buy” Rating at Peel Hunt
Peel Hunt reissued their buy rating on shares of Synthomer (LON:SYNT) in a research note published on Monday, Stock Target Advisor reports.
Several other analysts also recently weighed in on the company. Canaccord Genuity decreased their target price on Synthomer from GBX 550 ($7.23) to GBX 525 ($6.91) and set a buy rating for the company in a research report on Friday, October 25th. Peel Hunt cut their price target on shares of Synthomer from GBX 450 ($5.92) to GBX 435 ($5.72) and set a buy rating on the stock in a report on Monday, September 16th. Berenberg Bank reduced their price target on shares of Synthomer from GBX 360 ($4.74) to GBX 345 ($4.54) and set a buy rating on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. upgraded shares of Synthomer to a neutral rating and decreased their price objective for the company from GBX 375 ($4.93) to GBX 300 ($3.95) in a report on Thursday, December 12th. Finally, UBS Group reissued a neutral rating and issued a GBX 290 ($3.81) price objective on shares of Synthomer in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Synthomer currently has an average rating of Buy and a consensus price target of GBX 405 ($5.33).
Shares of Synthomer stock opened at GBX 323 ($4.25) on Monday. 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 stock’s fifty day moving average is GBX 332.40 and its two-hundred day moving average is GBX 319.69. Synthomer has a 52 week low of GBX 208.02 ($2.74) and a 52 week high of GBX 397.29 ($5.23). The company has a market capitalization of $1.37 billion and a PE ratio of 14.82.
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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