Synthomer (LON:SYNT) PT lowered to GBX 160

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Synthomere (LON:SYNT – Get a rating) saw its price target lowered by investment analysts at Berenberg Bank from 275 GBX ($3.32) to 160 GBX ($1.93) in a research report released Friday to clients and investors, Marketbeat reports. The brokerage currently has a “holding” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 77.55% from the company’s current price.

Several other research analysts have also recently released reports on the stock. JPMorgan Chase & Co. lowered its price target on Synthomer shares from GBX 350 ($4.23) to GBX 260 ($3.14) and set a “neutral” rating for the company in a Monday report October 3. Barclays reiterated an “equal weight” rating and set a target price of GBX 323 ($3.90) on Synthomer shares in a Wednesday, August 3 research report. One research analyst has assigned the stock a sell rating, three have assigned a hold rating and two have assigned the stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 411.33 ($4.97).

Synthomer is trading down 1.0%

Shares of SYNT were down 0.88 GBX ($0.01) during Friday trading hours, hitting 90.12 GBX ($1.09). 2,184,701 shares of the company were traded, with an average volume of 1,475,608. Synthomer has a 12-month low of 83 GBX ($1.00) and a 12-month high of 523.50 GBX ($6.00). $33). The company has a quick ratio of 0.97, a current ratio of 1.60 and a debt ratio of 114.88. The company’s fifty-day moving average price is 167.31 GBX and its two-hundred-day moving average price is 235.89 GBX. The company has a market capitalization of £421.15 million and a price to earnings ratio of 474.74.

Insider Activity at Synthomer

Separately, insider Roberto Gualdoni bought 20,000 shares of the company in a trade that took place on Tuesday, August 2. The shares were purchased at an average price of 214 GBX ($2.59) per share, with a total value of £42,800 ($51,715.80). In other Synthomer news, insider Roberto Gualdoni bought 20,000 shares in a trade on Tuesday, August 2. The shares were purchased at an average price of 214 GBX ($2.59) per share, with a total value of £42,800 ($51,715.80). Additionally, insider Lily Liu bought 2,000 shares in a trade on Monday, August 8. The shares were acquired at an average cost of 193 GBX ($2.33) per share, for a total transaction of £3,860 ($4,664.09). During the last quarter, insiders purchased 117,000 shares of the company valued at $20,921,000.

About Syntomer

(Get a rating)

Synthomer plc operates as a specialty chemicals business. It operates through four segments: Performance Elastomers, Functional Solutions, Industrial Specialties and Acrylate Monomers. The Company offers pressure-sensitive adhesives, acrylic polymers, acrylic dispersions, saturants, release liners and other adhesives; water-based carboxylated styrene butadiene rubber, redispersible powder, flooring adhesive and additives for construction applications; and impregnating binders, styrene-butadiene copolymers, dispersions, polymeric binders and butadiene-based binders for textile applications.

Further reading

Analyst Recommendations for Synthomer (LON:SYNT)

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