Synthomer (LON:SYNT) Price Target Cut to GBX 275

Synthomer (LON:SYNT) had its target price lowered by research analysts at Canaccord Genuity Group from GBX 300 ($4.01) to GBX 275 ($3.68) in a research note issued to investors on Friday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 38.75% from the stock’s current price.

A number of other research analysts have also issued reports on SYNT. Jefferies Financial Group boosted their price objective on Synthomer from GBX 220 ($2.94) to GBX 250 ($3.34) and gave the company a “hold” rating in a research report on Friday, July 12th. Berenberg Bank cut their target price on Synthomer from GBX 375 ($5.02) to GBX 340 ($4.55) and set a “buy” rating on the stock in a research note on Tuesday, August 13th.

Synthomer Stock Performance

Shares of SYNT stock opened at GBX 198.20 ($2.65) on Friday. The company has a market cap of £324.20 million, a P/E ratio of -324.92, a PEG ratio of -0.17 and a beta of 1.79. The business has a 50 day moving average of GBX 229.85 and a two-hundred day moving average of GBX 257.43. Synthomer has a 52 week low of GBX 118 ($1.58) and a 52 week high of GBX 338 ($4.52). The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 77.42.

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.