Synthomer (LON:SYNT) Price Target Cut to GBX 275

Synthomer (LON:SYNT – Get Rating) had its price target reduced by investment analysts at Berenberg Bank from GBX 350 ($4.29) to GBX 275 ($3.37) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 46.12% from the stock’s current price.

SYNT has been the topic of several other reports. Barclays reaffirmed an “equal weight” rating and set a GBX 323 ($3.96) price objective on shares of Synthomer in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on Synthomer from GBX 430 ($5.27) to GBX 350 ($4.29) and set a “neutral” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Synthomer currently has a consensus rating of “Hold” and an average price target of GBX 445.50 ($5.46).

Synthomer Stock Up 0.1 %

LON SYNT opened at GBX 188.20 ($2.31) on Thursday. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.91 and a quick ratio of 1.43. The stock has a market capitalization of £879.53 million and a PE ratio of 392.08. Synthomer has a 1 year low of GBX 182.30 ($2.23) and a 1 year high of GBX 570.50 ($6.99). The business’s 50-day moving average is GBX 246.97 and its 200 day moving average is GBX 287.24.

Insider Transactions at Synthomer

In related news, insider Michael Willome bought 70,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of GBX 189 ($2.32) per share, with a total value of £132,300 ($162,112.49). In related news, insider Michael Willome bought 70,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of GBX 189 ($2.32) per share, with a total value of £132,300 ($162,112.49). Also, insider Roberto Gualdoni bought 20,000 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average cost of GBX 214 ($2.62) per share, for a total transaction of £42,800 ($52,444.55).

About Synthomer

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Synthomer plc operates as a specialty chemicals company. It operates through four segments: Performance Elastomers, Functional Solutions, Industrial Specialities, and Acrylate Monomers. The company offers pressure sensitive adhesives, acrylic polymers, acrylic dispersions, saturants, release coatings, and other adhesives; water-based carboxylated styrene butadiene rubber, redispersible powder, flooring adhesive, and additives for construction applications; and impregnation binders, styrene butadiene copolymers, dispersions, polymer binders, and butadiene-based binders for textiles applications.