Berenberg Bank Trims Synthomer (LON:SYNT) Target Price to GBX 340

Synthomer (LON:SYNT) had its price target decreased by Berenberg Bank from GBX 375 ($4.79) to GBX 340 ($4.34) in a research note released on Tuesday, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Jefferies Financial Group boosted their price objective on shares of Synthomer from GBX 220 ($2.81) to GBX 250 ($3.19) and gave the company a hold rating in a research report on Friday, July 12th.

Synthomer Stock Down 8.8 %

Shares of LON:SYNT opened at GBX 228.50 ($2.92) on Tuesday. The stock’s fifty day simple moving average is GBX 265.37 and its 200-day simple moving average is GBX 240.36. Synthomer has a 52-week low of GBX 118 ($1.51) and a 52-week high of GBX 1,605 ($20.49). The company has a market capitalization of £373.76 million, a P/E ratio of -374.59, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 77.42.

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.