Synthomer plc (LON:SYNT) receives consensus rating of “Hold” by brokerages

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Synthomer plc (LON:SYNT – Get a rating) received a consensus rating of “Hold” by the six rating agencies that cover the company, Marketbeat reports. One financial analyst rated the stock with a sell recommendation, three gave the company a hold recommendation and two gave the company a buy recommendation. The 12-month average target price among analysts who have issued ratings on the stock over the past year is 430.50 GBX ($5.20).

Several research analysts have published reports on the company. Barclays reaffirmed an “equal weight” rating and issued a GBX 323 ($3.90) price target on Synthomer shares in a Wednesday, August 3 report. JPMorgan Chase & Co. lowered its price target on Synthomer from GBX 350 ($4.23) to GBX 260 ($3.14) and set a “neutral” rating on the stock in a Monday, October 3 report . Finally, Berenberg Bank lowered its price target on Synthomer from GBX 350 ($4.23) to GBX 275 ($3.32) and set a “hold” rating on the stock in a Thursday, August 4 report. .

Insiders place their bets

Separately, insider Michael Willome bought 70,000 shares in a trade dated Thursday, August 4. The shares were acquired at an average cost of 189 GBX ($2.28) per share, for a total transaction of £132,300 ($159,859.84). Separately, insider Lily Liu bought 2,000 shares in a trade dated 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). Additionally, insider Michael Willome bought 70,000 shares in a trade dated Thursday, August 4. The shares were purchased at an average price of 189 GBX ($2.28) per share, for a total transaction of £132,300 ($159,859.84). In the past three months, insiders have purchased 117,000 shares of the company worth $20,921,000.

Synthomer Price Performance

Shares of LON:SYNT opened at 100.10 GBX ($1.21) on Friday. Synthomer has a 12-month low of 84.35 GBX ($1.02) and a 12-month high of 523.50 GBX ($6.33). The stock has a market capitalization of £467.80 million and a price to earnings ratio of 526.84. The stock’s 50-day moving average price is 176.29 GBX and its 200-day moving average price is 241.75 GBX. The company has a debt ratio of 114.88, a current ratio of 1.60 and a quick ratio of 0.97.

Synthomer cuts dividend

The company also recently announced a dividend, which will be paid on Friday, November 4. Shareholders of record on Thursday, October 6 will receive a dividend of 4 GBX ($0.05) per share. This represents a return of 1.7%. The ex-dividend date is Thursday, October 6. Synthomer’s payout rate is 157.89%.

Syntomer company profile

(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.

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Analyst Recommendations for Synthomer (LON:SYNT)

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