Synthomer (LON:SYNT) Given New GBX 340 Price Target at Berenberg Bank

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

Separately, Jefferies Financial Group raised their price objective on 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 Price Performance

Shares of SYNT opened at GBX 230.50 ($2.94) on Tuesday. The firm’s 50-day simple moving average is GBX 263.91 and its two-hundred day simple moving average is GBX 241.03. Synthomer has a fifty-two week low of GBX 118 ($1.51) and a fifty-two week high of GBX 1,491 ($19.04). The stock has a market cap of £377.03 million, a PE ratio of -377.87, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.97 and a current ratio of 1.90.

About Synthomer

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.