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

Synthomer (LON:SYNT) had its target price dropped by Canaccord Genuity Group from GBX 300 ($4.01) to GBX 275 ($3.68) in a research note issued on Friday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 38.75% from the stock’s previous close.

A number of other brokerages also recently commented on SYNT. Jefferies Financial Group increased their price target on Synthomer from GBX 220 ($2.94) to GBX 250 ($3.34) and gave the company a “hold” rating in a report on Friday, July 12th. Berenberg Bank reduced their target price on Synthomer from GBX 375 ($5.02) to GBX 340 ($4.55) and set a “buy” rating for the company in a research note on Tuesday, August 13th.

Synthomer Stock Performance

LON:SYNT opened at GBX 198.20 ($2.65) on Friday. The firm has a 50-day moving average of GBX 229.85 and a two-hundred day moving average of GBX 257.43. The company has a debt-to-equity ratio of 77.42, a current ratio of 1.90 and a quick ratio of 0.97. The stock has a market cap of £324.20 million, a P/E ratio of -324.92, a PEG ratio of -0.17 and a beta of 1.79. Synthomer has a 1-year low of GBX 118 ($1.58) and a 1-year high of GBX 338 ($4.52).

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.