Deutsche Bank AG Reiterates “Buy” Rating for Synthomer PLC (SYNT)
Synthomer PLC (LON:SYNT)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a report issued on Thursday.
Several other brokerages have also recently weighed in on SYNT. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 460 ($5.97) target price on shares of Synthomer PLC in a report on Thursday, April 27th. J P Morgan Chase & Co upped their target price on Synthomer PLC from GBX 368 ($4.78) to GBX 440 ($5.71) and gave the stock a “neutral” rating in a report on Wednesday, June 14th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 500 ($6.49) target price on shares of Synthomer PLC in a report on Tuesday, August 8th. Barclays PLC reiterated an “overweight” rating on shares of Synthomer PLC in a report on Thursday, August 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a GBX 465 ($6.04) target price on shares of Synthomer PLC in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 472.31 ($6.13).
Synthomer PLC (SYNT) opened at 471.40 on Thursday. The company’s market cap is GBX 1.60 billion. The firm’s 50-day moving average is GBX 483.53 and its 200 day moving average is GBX 480.95. Synthomer PLC has a 12-month low of GBX 339.60 and a 12-month high of GBX 516.37.
In related news, insider Calum MacLean purchased 3,424 shares of Synthomer PLC stock in a transaction dated Thursday, July 6th. The stock was purchased at an average cost of GBX 497 ($6.45) per share, with a total value of £17,017.28 ($22,091.76). Also, 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 ($6.45), for a total value of £4,721,500 ($6,129,430.09).
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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