Synthomer (LON:SYNT) Price Target Lowered to GBX 230 at Berenberg Bank

Synthomer (LON:SYNT) had its target price lowered by research analysts at Berenberg Bank from GBX 265 ($3.32) to GBX 230 ($2.88) in a research note issued on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 63.58% from the stock’s previous close.

Separately, Canaccord Genuity Group dropped their target price on Synthomer from GBX 300 ($3.75) to GBX 275 ($3.44) and set a “buy” rating on the stock in a report on Friday, October 4th.

Synthomer Stock Down 7.1 %

LON:SYNT traded down GBX 10.80 ($0.14) during mid-day trading on Monday, hitting GBX 140.60 ($1.76). 1,760,519 shares of the company’s stock were exchanged, compared to its average volume of 624,754. Synthomer has a one year low of GBX 118 ($1.48) and a one year high of GBX 338 ($4.23). The business has a fifty day moving average price of GBX 168.03 and a 200 day moving average price of GBX 210.77. The company has a market cap of £229.98 million, a PE ratio of -230.49, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 77.42, a current ratio of 1.90 and a quick ratio of 0.97.

Synthomer Company Profile

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.