Brokerages Set Synthomer PLC (LON:SYNT) Price Target at GBX 346.13

Synthomer PLC (LON:SYNT) has received an average rating of “Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 339.33 ($4.18).

A number of research firms have recently issued reports on SYNT. Deutsche Bank raised their target price on shares of Synthomer from GBX 265 ($3.26) to GBX 300 ($3.69) and gave the stock a “buy” rating in a research note on Thursday, April 30th. Credit Suisse Group raised their price target on shares of Synthomer from GBX 274 ($3.37) to GBX 317 ($3.90) and gave the stock an “outperform” rating in a research report on Thursday, April 30th. UBS Group raised their price target on shares of Synthomer from GBX 250 ($3.08) to GBX 285 ($3.51) and gave the stock a “neutral” rating in a research report on Wednesday. Berenberg Bank raised their price target on shares of Synthomer from GBX 260 ($3.20) to GBX 330 ($4.06) and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Morgan Stanley raised shares of Synthomer to an “equal weight” rating in a research report on Friday, May 29th.

Shares of LON SYNT traded down GBX 11.80 ($0.15) during mid-day trading on Friday, reaching GBX 273.80 ($3.37). 467,029 shares of the company were exchanged, compared to its average volume of 523,513. The company’s 50-day simple moving average is GBX 293.39 and its 200-day simple moving average is GBX 294.48. The company has a quick ratio of 0.97, a current ratio of 1.41 and a debt-to-equity ratio of 18.61. The stock has a market capitalization of $1.21 billion and a P/E ratio of 12.79. Synthomer has a twelve month low of GBX 182.30 ($2.24) and a twelve month high of GBX 384.40 ($4.73).

Synthomer Company Profile

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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