Berenberg Bank Lowers Synthomer (LON:SYNT) Price Target to GBX 230

Synthomer (LON:SYNT) had its price target decreased by analysts at Berenberg Bank from GBX 265 ($3.32) to GBX 230 ($2.88) in a report issued on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 63.58% from the company’s current price.

Separately, Canaccord Genuity Group lowered their price objective on shares of Synthomer from GBX 300 ($3.75) to GBX 275 ($3.44) and set a “buy” rating on the stock in a research report on Friday, October 4th.

Synthomer Price Performance

LON SYNT traded down GBX 10.80 ($0.14) during trading hours on Monday, hitting GBX 140.60 ($1.76). The company had a trading volume of 1,760,519 shares, compared to its average volume of 624,754. The firm has a 50 day simple moving average of GBX 168.03 and a 200 day simple moving average of GBX 210.77. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.97 and a current ratio of 1.90. Synthomer has a 52 week low of GBX 118 ($1.48) and a 52 week high of GBX 338 ($4.23). The firm has a market capitalization of £229.98 million, a price-to-earnings ratio of -230.49, a PEG ratio of -0.17 and a beta of 1.79.

Synthomer Company Profile

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.