Barclays PLC Reiterates “Overweight” Rating for Synthomer PLC (SYNT)
Synthomer PLC (LON:SYNT)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays PLC in a research note issued on Thursday. They currently have a GBX 400 ($4.95) target price on the stock. Barclays PLC’s price objective suggests a potential upside of 15.41% from the company’s previous close.
Several other equities analysts have also commented on SYNT. Numis Securities Ltd lowered Synthomer PLC to a “hold” rating and set a GBX 400 ($4.95) price target on the stock. in a research note on Wednesday, July 27th. Canaccord Genuity increased their target price on Synthomer PLC from GBX 375 ($4.65) to GBX 410 ($5.08) and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Deutsche Bank AG increased their target price on Synthomer PLC from GBX 415 ($5.14) to GBX 450 ($5.57) and gave the stock a “buy” rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 285 ($3.53) target price on shares of Synthomer PLC in a research note on Wednesday, August 10th. Finally, Credit Suisse Group AG reissued an “underperform” rating and set a GBX 345 ($4.27) target price on shares of Synthomer PLC in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 374.85 ($4.64).
Shares of Synthomer PLC (LON:SYNT) opened at 351.30 on Thursday. The firm’s market cap is GBX 1.19 billion. Synthomer PLC has a one year low of GBX 272.66 and a one year high of GBX 390.60. The firm has a 50-day moving average price of GBX 364.48 and a 200 day moving average price of GBX 358.10.
About Synthomer PLC
Synthomer Plc is a United Kingdom-based specialty chemical company. The Company supplies lattices and specialty emulsion polymers for markets, including paper and board, constructions and coatings, health and protection, functional polymers, performance polymers, and carpet, compounds and foam. It operates in segments, including Europe and North America (ENA) and Asia and Rest of World (ARW).
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