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).
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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