Synthomer PLC (SYNT) Stock Rating Reaffirmed by Barclays PLC
Synthomer PLC (LON:SYNT)‘s stock had its “overweight” rating restated by research analysts at Barclays PLC in a research report issued on Friday. They currently have a GBX 495 ($6.11) price target on the stock, up from their prior price target of GBX 400 ($4.94). Barclays PLC’s price objective points to a potential upside of 5.75% from the company’s current price.
Several other research analysts have also recently weighed in on SYNT. Deutsche Bank AG reissued a “buy” rating and issued a GBX 450 ($5.56) price objective on shares of Synthomer PLC in a research report on Wednesday, November 30th. Jefferies Group LLC reissued a “hold” rating and issued a GBX 367 ($4.53) price objective on shares of Synthomer PLC in a research report on Friday, December 2nd. Numis Securities Ltd reissued a “hold” rating and issued a GBX 386 ($4.77) price objective on shares of Synthomer PLC in a research report on Friday, December 2nd. Morgan Stanley reissued an “underweight” rating and issued a GBX 310 ($3.83) price objective on shares of Synthomer PLC in a research report on Friday, December 2nd. Finally, Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 345 ($4.26) price objective on shares of Synthomer PLC in a research report on Friday, December 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Synthomer PLC currently has a consensus rating of “Hold” and an average price target of GBX 438.15 ($5.41).
Synthomer PLC (LON:SYNT) opened at 468.10 on Friday. The company has a 50 day moving average price of GBX 452.15 and a 200-day moving average price of GBX 390.96. Synthomer PLC has a 12 month low of GBX 300.30 and a 12 month high of GBX 471.71. The company’s market cap is GBX 1.59 billion.
The company also recently declared a dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 8th will be given a dividend of GBX 7.80 ($0.10) per share. This represents a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, June 8th. This is a boost from Synthomer PLC’s previous dividend of $3.50.
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Synthomer PLC Company Profile
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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