Synthomer (LON:SYNT) had its target price lowered by Credit Suisse Group from GBX 400 ($5.23) to GBX 370 ($4.83) in a research note released on Friday morning, ThisIsMoney.Co.Uk reports. The firm currently has a neutral rating on the stock.
A number of other equities research analysts have also recently commented on SYNT. Peel Hunt reiterated a buy rating and set a GBX 500 ($6.53) price target on shares of Synthomer in a report on Wednesday, July 3rd. Barclays downgraded shares of Synthomer to a restricted rating in a research report on Thursday, July 4th. UBS Group increased their price objective on shares of Synthomer from GBX 530 ($6.93) to GBX 550 ($7.19) and gave the company a buy rating in a research report on Tuesday, August 6th. Deutsche Bank lowered their price objective on shares of Synthomer from GBX 500 ($6.53) to GBX 375 ($4.90) and set a buy rating on the stock in a research report on Wednesday, August 7th. Finally, Peel Hunt restated a buy rating and set a GBX 450 ($5.88) price objective (down previously from GBX 500 ($6.53)) on shares of Synthomer in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of GBX 470 ($6.14).
LON:SYNT opened at GBX 291 ($3.80) on Friday. The firm’s 50 day moving average price is GBX 337.03. Synthomer has a 52 week low of GBX 277.80 ($3.63) and a 52 week high of GBX 541.89 ($7.08). 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 stock has a market capitalization of $1.24 billion and a PE ratio of 13.35.
In related news, insider Alexander G. Catto sold 560,966 shares of the stock in a transaction that occurred on 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).
Synthomer Company Profile
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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