Synthomer (LON:SYNT) Given Buy Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Synthomer (LON:SYNT) in a research report released on Friday, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Synthomer in a report on Thursday, May 23rd. Peel Hunt reaffirmed a buy rating and issued a GBX 500 ($6.53) price target on shares of Synthomer in a report on Wednesday, July 3rd. Deutsche Bank lowered their price target on Synthomer from GBX 500 ($6.53) to GBX 375 ($4.90) and set a buy rating on the stock in a report on Wednesday, August 7th. Credit Suisse Group lowered their price target on Synthomer from GBX 400 ($5.23) to GBX 370 ($4.83) and set a neutral rating on the stock in a report on Friday, August 9th. Finally, Peel Hunt reaffirmed a buy rating and issued a GBX 450 ($5.88) price target (down previously from GBX 500 ($6.53)) on shares of Synthomer in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Synthomer has an average rating of Buy and a consensus target price of GBX 438 ($5.72).

Shares of SYNT opened at GBX 330.60 ($4.32) on Friday. The stock’s 50-day simple moving average is GBX 306.35 and its 200 day simple moving average is GBX 364.08. The stock has a market capitalization of $1.40 billion and a price-to-earnings ratio of 15.17. The company has a debt-to-equity ratio of 77.42, a quick ratio of 0.87 and a current ratio of 1.22. Synthomer has a 52-week low of GBX 277.80 ($3.63) and a 52-week high of GBX 520.88 ($6.81).

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

In related news, insider Alexander G. Catto sold 560,966 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of GBX 88 ($1.15), for a total transaction of £493,650.08 ($645,041.26).

About Synthomer

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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