Synthomer Upgraded to Buy by Jefferies Group (SYNT)
Synthomer (LON:SYNT) was upgraded by research analysts at Jefferies Group from a “hold” rating to a “buy” rating in a report released on Wednesday, AR Network reports. The firm currently has a GBX 305 ($4.84) price objective on the stock, up from their previous price objective of GBX 220 ($3.49). Jefferies Group’s target price points to a potential upside of 27.08% from the company’s current price.
A number of other firms have also recently commented on SYNT. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Synthomer (LON:SYNT) in a research note to investors on Friday, September 13th. They now have a GBX 248 ($3.94) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Synthomer (LON:SYNT) from GBX 235 ($3.73) to GBX 244 ($3.87) in a research note to investors on Wednesday, September 4th. They now have a “neutral” rating on the stock.
Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 241.18 ($3.83).
Shares of Synthomer (LON:SYNT) traded up 1.69% on Wednesday, hitting GBX 240.00. The stock had a trading volume of 293,222 shares. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0..
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.