Synthomer plc (LON:SYNT) Receives Average Recommendation of “Hold” from Brokerages

Synthomer plc (LON:SYNTGet Rating) has been given an average recommendation of “Hold” by the seven brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 514 ($6.14).

Separately, Barclays lowered shares of Synthomer to an “equal weight” rating and cut their target price for the company from GBX 420 ($5.02) to GBX 323 ($3.86) in a report on Thursday, June 16th.

Insiders Place Their Bets

In other Synthomer news, insider Holly Van Deursen purchased 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were purchased at an average cost of GBX 308 ($3.68) per share, with a total value of £27,720 ($33,138.08).

Synthomer Trading Down 1.4 %

SYNT stock opened at GBX 233 ($2.79) on Monday. The company has a debt-to-equity ratio of 64.18, a current ratio of 1.91 and a quick ratio of 1.43. Synthomer has a 12 month low of GBX 218.20 ($2.61) and a 12 month high of GBX 570.50 ($6.82). The firm’s 50-day moving average is GBX 266.13 and its 200 day moving average is GBX 298.01. The company has a market capitalization of £1.09 billion and a PE ratio of 485.42.

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.

Further Reading

Analyst Recommendations for Synthomer (LON:SYNT)

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