Synthomer (OTC:SYYYF) Cut to Hold at HSBC

Synthomer (OTC:SYYYFGet Rating) was downgraded by investment analysts at HSBC from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, The Fly reports.

Other equities analysts have also issued reports about the stock. Morgan Stanley upgraded shares of Synthomer from an “underweight” rating to an “equal weight” rating in a report on Wednesday, February 23rd. Credit Suisse Group cut their price objective on shares of Synthomer from GBX 610 ($7.94) to GBX 460 ($5.98) in a report on Friday, April 8th.

Shares of OTC SYYYF opened at $6.24 on Wednesday. The firm has a 50 day simple moving average of $6.24. Synthomer has a fifty-two week low of $6.24 and a fifty-two week high of $7.07.

Synthomer Company Profile (Get Rating)

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.

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