Peel Hunt reissued their hold rating on shares of Synthomer (LON:SYNT) in a report issued on Wednesday morning, Digital Look reports. Peel Hunt currently has a GBX 325 ($4.25) price target on the stock.
A number of other equities research analysts also recently issued reports on SYNT. UBS Group reiterated a neutral rating on shares of Synthomer in a research report on Thursday, July 16th. Jefferies Financial Group lifted their price target on shares of Synthomer from GBX 270 ($3.53) to GBX 370 ($4.83) and gave the company a buy rating in a research report on Thursday, June 25th. Canaccord Genuity restated a buy rating and set a GBX 350 ($4.57) price objective on shares of Synthomer in a research report on Tuesday, August 11th. Barclays lifted their price objective on Synthomer from GBX 320 ($4.18) to GBX 330 ($4.31) and gave the stock an overweight rating in a research report on Wednesday, August 12th. Finally, Berenberg Bank lifted their price objective on Synthomer from GBX 330 ($4.31) to GBX 370 ($4.83) and gave the stock a buy rating in a research report on Friday, August 14th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of GBX 321.40 ($4.20).
SYNT stock opened at GBX 390.60 ($5.10) on Wednesday. The firm has a 50 day moving average of GBX 320.19 and a 200-day moving average of GBX 294.69. Synthomer has a 12-month low of GBX 182.30 ($2.38) and a 12-month high of GBX 433.40 ($5.66). The company has a current ratio of 1.72, a quick ratio of 1.26 and a debt-to-equity ratio of 127.82. The company has a market cap of $1.35 billion and a price-to-earnings ratio of 68.53.
The company also recently announced a dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Thursday, October 22nd will be paid a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 22nd. This represents a yield of 0.77%. Synthomer’s payout ratio is currently 1.93%.
Synthomer Company Profile
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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