Synthomer PLC (SYNT) Price Target Increased to GBX 507 by Analysts at Barclays PLC
Synthomer PLC (LON:SYNT) had its price target hoisted by stock analysts at Barclays PLC from GBX 495 ($6.41) to GBX 507 ($6.57) in a note issued to investors on Thursday. The firm presently has an “overweight” rating on the stock. Barclays PLC’s price objective would suggest a potential upside of 5.38% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Credit Suisse Group restated an “underperform” rating on shares of Synthomer PLC in a research note on Thursday, March 30th. Numis Securities Ltd restated a “hold” rating and set a GBX 460 ($5.96) price target on shares of Synthomer PLC in a research note on Thursday, April 27th. Deutsche Bank AG lifted their target price on Synthomer PLC from GBX 500 ($6.48) to GBX 525 ($6.80) and gave the company a “buy” rating in a research note on Wednesday, March 29th. J P Morgan Chase & Co lifted their target price on Synthomer PLC from GBX 368 ($4.77) to GBX 440 ($5.70) and gave the company a “neutral” rating in a research note on Wednesday, June 14th. Finally, Peel Hunt lifted their target price on Synthomer PLC from GBX 440 ($5.70) to GBX 500 ($6.48) and gave the company an “add” rating in a research note on Wednesday, April 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 460.42 ($5.96).
Shares of Synthomer PLC (LON:SYNT) opened at 482.10 on Thursday. The company has a 50-day moving average price of GBX 498.14 and a 200-day moving average price of GBX 455.89. The stock’s market cap is GBX 1.64 billion. Synthomer PLC has a 12 month low of GBX 329.00 and a 12 month high of GBX 516.37.
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In other news, insider Alexander G. Catto sold 950,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of GBX 497 ($6.44), for a total value of £4,721,500 ($6,115,932.64). Also, insider Calum MacLean purchased 3,424 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was bought at an average cost of GBX 497 ($6.44) per share, with a total value of £17,017.28 ($22,043.11).
Synthomer PLC Company Profile
Synthomer Plc is a specialty chemical company. The Company supplies aqueous polymers in various markets, including paper, carpet and foam, construction and coating, functional polymers, health and protection, specialties and other. It operates in segments, including Europe and North America and Asia and Rest of World.
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