Synthomer PLC (LON:SYNT) Given Average Recommendation of “Buy” by Analysts

Synthomer PLC (LON:SYNT) has been assigned a consensus rating of “Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 422.50 ($5.52).

A number of equities research analysts recently weighed in on SYNT shares. Barclays lowered shares of Synthomer to a “restricted” rating in a report on Thursday, July 4th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 450 ($5.88) price objective (down from GBX 500 ($6.53)) on shares of Synthomer in a research report on Monday, August 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Synthomer in a research report on Thursday, May 23rd. 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 research report on Wednesday, August 7th. Finally, Numis Securities raised shares of Synthomer to a “buy” rating in a research report on Monday, April 29th.

In other Synthomer news, insider Alexander G. Catto sold 560,966 shares of the company’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 value of £493,650.08 ($645,041.26).

Shares of LON SYNT traded down GBX 1.20 ($0.02) during trading on Wednesday, hitting GBX 298 ($3.89). 613,772 shares of the company traded hands, compared to its average volume of 523,513. The business’s fifty day moving average is GBX 330.78 and its 200 day moving average is GBX 371.94. Synthomer has a fifty-two week low of GBX 277.80 ($3.63) and a fifty-two week high of GBX 539.55 ($7.05). The firm has a market capitalization of $1.27 billion and a price-to-earnings ratio of 13.67. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.87 and a current ratio of 1.22.

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

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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Analyst Recommendations for Synthomer (LON:SYNT)

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