UBS Group upgraded shares of Synthomer (LON:SYNT) to a neutral rating in a research note released on Friday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 310 ($4.05) price objective on the stock, down from their prior price objective of GBX 326 ($4.26).
SYNT has been the topic of a number of other reports. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Synthomer in a research report on Thursday, May 23rd. Peel Hunt reaffirmed a buy rating and set a GBX 500 ($6.53) price target on shares of Synthomer in a research report on Wednesday, July 3rd. Deutsche Bank reduced their price target on Synthomer from GBX 500 ($6.53) to GBX 375 ($4.90) and set a buy rating on the stock in a research report on Wednesday, August 7th. Credit Suisse Group reduced their price target on Synthomer from GBX 400 ($5.23) to GBX 370 ($4.83) and set a neutral rating on the stock in a research report on Friday, August 9th. Finally, Peel Hunt reaffirmed a buy rating and set a GBX 450 ($5.88) price target (down from GBX 500 ($6.53)) on shares of Synthomer in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of GBX 446 ($5.83).
Shares of SYNT stock opened at GBX 299.20 ($3.91) on Friday. The business’s fifty day simple moving average is GBX 330.78 and its 200-day simple moving average is GBX 371.94. The company has a market cap of $1.26 billion and a PE ratio of 13.72. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 77.42. Synthomer has a 12-month low of GBX 277.80 ($3.63) and a 12-month high of GBX 539.55 ($7.05).
The company also recently announced a dividend, which will be paid on Tuesday, November 5th. Investors of record on Thursday, October 3rd will be given a GBX 4 ($0.05) dividend. This represents a dividend yield of 1.41%. The ex-dividend date is Thursday, October 3rd. Synthomer’s payout ratio is 0.55%.
In related news, insider Alexander G. Catto sold 560,966 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of GBX 88 ($1.15), for a total value of £493,650.08 ($645,041.26).
Synthomer plc operates as a specialty chemicals company in Europe, North America, Asia, and internationally. The company offers pressure-sensitive adhesives, acrylic polymers, acrylic dispersions, and other adhesives; latices for foamed bedding products and footwear; and binders for carpet applications.
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