Synthomer (LON:SYNT) PT Lowered to GBX 435

Synthomer (LON:SYNT) had its price objective decreased by Peel Hunt from GBX 450 ($5.88) to GBX 435 ($5.68) in a research note released on Monday morning, LSE.Co.UK reports. Peel Hunt currently has a buy rating on the stock.

SYNT has been the subject of a number of other reports. Deutsche Bank reduced their price objective on shares of Synthomer from GBX 500 ($6.53) to GBX 375 ($4.90) and set a buy rating for the company in a report on Wednesday, August 7th. Berenberg Bank reiterated a buy rating on shares of Synthomer in a report on Friday, September 13th. Credit Suisse Group reduced their price objective on shares of Synthomer from GBX 400 ($5.23) to GBX 370 ($4.83) and set a neutral rating for the company in a report on Friday, August 9th. Peel Hunt reiterated a buy rating and set a GBX 435 ($5.68) price objective on shares of Synthomer in a report on Monday. Finally, Barclays cut shares of Synthomer to a restricted rating in a report on Thursday, July 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of GBX 438 ($5.72).

LON:SYNT opened at GBX 333.60 ($4.36) on Monday. The stock has a market capitalization of $1.40 billion and a price-to-earnings ratio of 15.30. The firm has a fifty day simple moving average of GBX 306.36 and a two-hundred day simple moving average of GBX 363.15. Synthomer has a 12 month low of GBX 277.80 ($3.63) and a 12 month high of GBX 516.68 ($6.75). The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 77.42.

The company also recently declared a dividend, which will be paid on Tuesday, November 5th. Investors of record on Thursday, October 3rd will be given a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 1.41%. The ex-dividend date is Thursday, October 3rd. Synthomer’s payout ratio is currently 0.55%.

In related news, insider Alexander G. Catto sold 560,966 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of GBX 88 ($1.15), for a total transaction of £493,650.08 ($645,041.26).

About Synthomer

Synthomer plc operates as a specialty chemicals company in Europe, North America, Asia, and internationally. The company offers pressure-sensitive adhesives, acrylic polymers, acrylic dispersions, and other adhesives; latices for foamed bedding products and footwear; and binders for carpet applications.

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Analyst Recommendations for Synthomer (LON:SYNT)

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