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

Synthomer PLC (LON:SYNT) has been given an average rating of “Hold” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 471.18 ($6.14).

A number of brokerages have recently issued reports on SYNT. Deutsche Bank AG increased their price objective on shares of Synthomer PLC from GBX 525 ($6.84) to GBX 550 ($7.16) and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity reissued a “buy” rating and issued a GBX 500 ($6.51) price objective on shares of Synthomer PLC in a research note on Tuesday. Berenberg Bank reissued a “buy” rating and issued a GBX 525 ($6.84) price objective on shares of Synthomer PLC in a research note on Friday. Numis Securities Ltd reissued a “hold” rating and issued a GBX 460 ($5.99) price objective on shares of Synthomer PLC in a research note on Thursday, April 27th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a GBX 465 ($6.06) price objective on shares of Synthomer PLC in a research note on Wednesday.

Shares of Synthomer PLC (LON:SYNT) traded up 0.13% on Monday, reaching GBX 473.50. 454,334 shares of the company’s stock traded hands. The stock’s market cap is GBX 1.61 billion. Synthomer PLC has a 52-week low of GBX 339.60 and a 52-week high of GBX 516.37. The firm’s 50-day moving average is GBX 488.90 and its 200-day moving average is GBX 478.41.

The business also recently announced a dividend, which will be paid on Monday, November 6th. Investors of record on Thursday, October 5th will be paid a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date is Thursday, October 5th. This represents a yield of 0.76%.

In other Synthomer PLC news, insider Calum MacLean acquired 3,424 shares of the stock in a transaction on Thursday, July 6th. The stock was acquired at an average price of GBX 497 ($6.47) per share, for a total transaction of £17,017.28 ($22,160.80). Also, insider Alexander G. Catto sold 950,000 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of GBX 497 ($6.47), for a total transaction of £4,721,500 ($6,148,587.06).

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About Synthomer PLC

Synthomer Plc is a specialty chemical company. The Company supplies aqueous polymers in various markets, including paper, carpet and foam, construction and coating, functional polymers, health and protection, specialties and other. It operates in segments, including Europe and North America and Asia and Rest of World.

Analyst Recommendations for Synthomer PLC (LON:SYNT)

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