Synthomer (OTCMKTS:SYYYF) Shares Scheduled to Reverse Split on Friday, September 22nd

Synthomer plc (OTCMKTS:SYYYF)’s stock is scheduled to reverse split on the morning of Friday, September 22nd. The 1-20 reverse split was announced on Friday, September 22nd. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, September 22nd.

Synthomer Stock Performance

Synthomer stock opened at $0.86 on Friday. The firm has a 50-day moving average of $0.93 and a 200-day moving average of $1.08. Synthomer has a one year low of $0.86 and a one year high of $1.94.

Analysts Set New Price Targets

SYYYF has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Synthomer from GBX 160 ($2.02) to GBX 140 ($1.77) in a research note on Wednesday, July 19th. Morgan Stanley reduced their price objective on shares of Synthomer from GBX 140 ($1.77) to GBX 90 ($1.14) in a research note on Wednesday, August 23rd. Peel Hunt downgraded shares of Synthomer to a “hold” rating in a research note on Tuesday, July 18th. Berenberg Bank reduced their price objective on shares of Synthomer from GBX 140 ($1.77) to GBX 115 ($1.45) in a research note on Thursday, July 20th. Finally, Barclays cut their target price on shares of Synthomer from GBX 213 ($2.69) to GBX 187 ($2.36) in a research note on Tuesday, June 13th.

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.