Synthomer PLC (SYNT) Price Target Raised to GBX 550

Synthomer PLC (LON:SYNT) had its price objective increased by Deutsche Bank AG from GBX 525 ($6.82) to GBX 550 ($7.14) in a research report released on Wednesday, August 9th, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

A number of other analysts also recently issued reports on SYNT. Canaccord Genuity restated a buy rating and issued a GBX 500 ($6.49) price target on shares of Synthomer PLC in a research report on Tuesday, August 8th. Barclays PLC lifted their target price on Synthomer PLC from GBX 495 ($6.43) to GBX 507 ($6.58) and gave the stock an overweight rating in a research report on Thursday, July 13th. J P Morgan Chase & Co reiterated a neutral rating and set a GBX 368 ($4.78) target price on shares of Synthomer PLC in a research report on Friday, April 28th. Finally, Numis Securities Ltd reiterated a hold rating and set a GBX 460 ($5.97) target price on shares of Synthomer PLC in a research report on Thursday, April 27th. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Synthomer PLC has an average rating of Hold and a consensus target price of GBX 467.69 ($6.07).

Shares of Synthomer PLC (SYNT) opened at 473.40 on Wednesday. The stock’s 50 day moving average is GBX 485.80 and its 200 day moving average is GBX 480.03. The firm’s market capitalization 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.

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

In other news, insider Alexander G. Catto sold 950,000 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of GBX 497 ($6.45), for a total transaction of £4,721,500 ($6,129,430.09). Also, insider Calum MacLean purchased 3,424 shares of the stock in a transaction dated Thursday, July 6th. The shares were acquired at an average price of GBX 497 ($6.45) per share, with a total value of £17,017.28 ($22,091.76).

Synthomer PLC Company Profile

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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