Synthomer Stock Rating Reaffirmed by Canaccord Genuity (SYNT)
Synthomer (LON:SYNT)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity in a report issued on Friday, American Banking and Market News reports. They currently have a GBX 248 ($3.98) target price on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 5.53% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. raised their price target on shares of Synthomer from GBX 220 ($3.53) to GBX 250 ($4.01) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Synthomer from GBX 253 ($4.06) to GBX 271 ($4.35) in a research note to investors on Thursday, October 3rd. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Synthomer in a research note to investors on Thursday, October 3rd. They now have a GBX 200 ($3.21) price target on the stock. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Synthomer presently has an average rating of “Hold” and an average target price of GBX 246.64 ($3.96).
Shares of Synthomer (LON:SYNT) traded up 4.87% during mid-day trading on Friday, hitting GBX 238.80. 59,795 shares of the company’s stock traded hands. Synthomer has a one year low of GBX 144.10 and a one year high of GBX 251.40. The stock’s 50-day moving average is GBX 225.0 and its 200-day moving average is GBX 206.7.
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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