Canaccord Genuity Reiterates “Buy” Rating for Synthomer (SYNT)
Synthomer (LON:SYNT)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a report released on Friday, ARN reports. They currently have a GBX 248 ($3.88) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 2.61% from the stock’s previous close.
Synthomer (LON:SYNT) opened at 242.30 on Friday. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0..
A number of other firms have also recently commented on SYNT. Analysts at JPMorgan Chase & Co. raised their price target on shares of Synthomer (LON:SYNT) from GBX 235 ($3.67) to GBX 244 ($3.81) in a research note to investors on Wednesday, September 4th. They now have a “neutral” rating on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of Synthomer (LON:SYNT) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 21st. They now have a GBX 240 ($3.75) price target on the stock, down previously from GBX 245 ($3.83).
Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 233.45 ($3.65).
Sythomer PLC, formerly Yule Catto & Co plc, is a producer of speciality polymers. Its products combine chemical reaction and formulation, based on a range of chemistries.
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