Synthomer PLC (SYNT) Receives Consensus Recommendation of “Hold” from Brokerages

Synthomer PLC (LON:SYNT) has received an average recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 476.64 ($6.32).

Several brokerages recently weighed in on SYNT. Canaccord Genuity restated a “buy” rating and set a GBX 500 ($6.63) target price on shares of Synthomer PLC in a research note on Tuesday, August 8th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 525 ($6.96) price target on shares of Synthomer PLC in a research report on Friday, August 11th. Numis Securities Ltd lifted their price target on Synthomer PLC from GBX 460 ($6.10) to GBX 500 ($6.63) and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 465 ($6.17) price target on shares of Synthomer PLC in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 550 ($7.30) price target on shares of Synthomer PLC in a research report on Friday, September 29th.

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Shares of Synthomer PLC (LON SYNT) traded up 0.43% during midday trading on Friday, reaching GBX 492.20. The company had a trading volume of 166,880 shares. The firm’s 50 day moving average price is GBX 481.16 and its 200-day moving average price is GBX 487.29. The stock’s market capitalization is GBX 1.67 billion. Synthomer PLC has a 1-year low of GBX 339.60 and a 1-year high of GBX 516.37.

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

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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