Berenberg Bank Forecasts Strong Price Appreciation for Synthomer (LON:SYNT) Stock

Synthomer (LON:SYNT) had its price target raised by equities researchers at Berenberg Bank from GBX 60 to GBX 100 in a report issued on Wednesday,Digital Look reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 15.23% from the company’s previous close.

SYNT has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Synthomer from GBX 96 to GBX 62 and set a “hold” rating for the company in a research report on Monday, February 2nd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 65 price objective on shares of Synthomer in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 86.75.

Synthomer Stock Performance

LON:SYNT opened at GBX 86.78 on Wednesday. The company has a debt-to-equity ratio of 90.86, a quick ratio of 0.97 and a current ratio of 1.57. The stock has a market capitalization of £141.86 million, a P/E ratio of -0.90, a PEG ratio of -0.17 and a beta of 0.74. The company has a 50 day moving average price of GBX 35.11 and a 200 day moving average price of GBX 47.46. Synthomer has a fifty-two week low of GBX 16.70 and a fifty-two week high of GBX 123.74.

Synthomer (LON:SYNT) last posted its quarterly earnings data on Friday, May 1st. The company reported GBX (91.90) earnings per share for the quarter. The company had revenue of GBX 173.92 billion for the quarter. Synthomer had a negative return on equity of 16.66% and a negative net margin of 9.03%. Equities research analysts forecast that Synthomer will post 12.962963 EPS for the current year.

Insider Buying and Selling at Synthomer

In related news, insider Lily Liu acquired 29,192 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of GBX 66 per share, with a total value of £19,266.72. Corporate insiders own 5.03% of the company’s stock.

Synthomer Company Profile

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide.

Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.