Synthomer (LON:SYNT) Given New GBX 110 Price Target at Berenberg Bank

Synthomer (LON:SYNT) had its target price boosted by analysts at Berenberg Bank from GBX 100 to GBX 110 in a report released on Friday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price objective points to a potential downside of 5.50% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Synthomer from GBX 92 to GBX 100 and gave the stock a “hold” rating in a research note on Wednesday. Jefferies Financial Group restated a “hold” rating and issued a GBX 65 price objective on shares of Synthomer in a research note on Thursday, April 30th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 200 target price on shares of Synthomer in a report on Tuesday. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 119.

Synthomer Price Performance

SYNT stock opened at GBX 116.40 on Friday. The company has a market capitalization of £190.83 million, a P/E ratio of -1.21, a PEG ratio of -0.17 and a beta of 1.03. Synthomer has a twelve month low of GBX 16.70 and a twelve month high of GBX 123.95. The business has a 50 day simple moving average of GBX 93.73 and a 200-day simple moving average of GBX 65.75. The company has a current ratio of 1.57, a quick ratio of 0.97 and a debt-to-equity ratio of 90.86.

Synthomer (LON:SYNT) last announced its earnings results on Tuesday, August 4th. The company reported GBX (4.30) EPS for the quarter. Synthomer had a negative net margin of 9.03% and a negative return on equity of 16.66%. As a group, equities analysts anticipate that Synthomer will post 12.962963 EPS for the current year.

Synthomer Company Profile

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide.

Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.