Synthomer (OTC:SYYYF) Price Target Cut to GBX 420 by Analysts at Barclays

Synthomer (OTC:SYYYFGet Rating) had its target price cut by Barclays from GBX 460 ($5.98) to GBX 420 ($5.46) in a research report sent to investors on Friday morning, The Fly reports.

Several other analysts have also issued reports on the company. Credit Suisse Group dropped their target price on Synthomer from GBX 610 ($7.94) to GBX 460 ($5.98) in a report on Friday, April 8th. HSBC downgraded Synthomer from a buy rating to a hold rating in a research report on Wednesday. Finally, Morgan Stanley raised Synthomer from an underweight rating to an equal weight rating in a report on Wednesday, February 23rd.

SYYYF stock opened at $6.24 on Friday. The stock’s 50-day moving average price is $6.24. Synthomer has a fifty-two week low of $6.24 and a fifty-two week high of $7.07.

About Synthomer (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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