Berenberg Bank Reaffirms Buy Rating for Synthomer (LON:SYNT)

Synthomer (LON:SYNT)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 320 ($4.10) price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 65.42% from the company’s current price.

SYNT has been the topic of several other reports. Canaccord Genuity Group assumed coverage on shares of Synthomer in a research note on Thursday, November 16th. They set a “buy” rating and a GBX 350 ($4.48) price objective on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 80 ($1.02) target price on shares of Synthomer in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 224.50 ($2.88).

Synthomer Trading Down 0.8 %

Shares of LON SYNT traded down GBX 1.55 ($0.02) during midday trading on Wednesday, reaching GBX 193.45 ($2.48). 1,715,895 shares of the stock were exchanged, compared to its average volume of 604,753. Synthomer has a 12 month low of GBX 118 ($1.51) and a 12 month high of GBX 2,826 ($36.21). The company has a debt-to-equity ratio of 112.82, a current ratio of 1.72 and a quick ratio of 0.97. The business has a 50-day simple moving average of GBX 147.86 and a two-hundred day simple moving average of GBX 164.16. The company has a market capitalization of £316.43 million, a price-to-earnings ratio of -77.38, a P/E/G ratio of -0.17 and a beta of 1.68.

Synthomer Company Profile

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.