Synthomer PLC (LON:SYNT) Receives Consensus Rating of “Buy” from Brokerages

Shares of Synthomer PLC (LON:SYNT) have received an average rating of “Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 325.50 ($4.25).

A number of analysts have weighed in on SYNT shares. Berenberg Bank boosted their target price on shares of Synthomer from GBX 330 ($4.31) to GBX 370 ($4.83) and gave the stock a “buy” rating in a research note on Friday, August 14th. Barclays boosted their target price on shares of Synthomer from GBX 320 ($4.18) to GBX 330 ($4.31) and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. UBS Group reaffirmed a “neutral” rating on shares of Synthomer in a research note on Thursday, July 16th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 350 ($4.57) target price on shares of Synthomer in a research note on Tuesday, August 11th. Finally, Peel Hunt cut shares of Synthomer to a “hold” rating and boosted their target price for the stock from GBX 290 ($3.79) to GBX 325 ($4.25) in a research note on Thursday, June 11th.

Shares of SYNT opened at GBX 319 ($4.17) on Thursday. Synthomer has a one year low of GBX 182.30 ($2.38) and a one year high of GBX 384.40 ($5.02). The company has a market cap of $1.36 billion and a P/E ratio of 55.96. The company has a debt-to-equity ratio of 127.82, a current ratio of 1.72 and a quick ratio of 1.26. The firm has a 50 day simple moving average of GBX 308.38 and a two-hundred day simple moving average of GBX 282.50.

About Synthomer

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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Analyst Recommendations for Synthomer (LON:SYNT)

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