Synthomer Stock Rating Reaffirmed by Canaccord Genuity (SYNT)
Synthomer (LON:SYNT)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity in a report issued on Monday, American Banking News reports. They currently have a GBX 248 ($4.01) price objective on the stock. Canaccord Genuity’s target price would suggest a potential downside of 1.16% from the company’s current price.
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 ($3.56) to GBX 250 ($4.04) in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Synthomer from GBX 253 ($4.09) to GBX 271 ($4.38) 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 ($3.23) price target on the stock. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 246.64 ($3.99).
Synthomer (LON:SYNT) opened at 251.825 on Monday. Synthomer has a 1-year low of GBX 144.10 and a 1-year high of GBX 252.00. The stock has a 50-day moving average of GBX 225.0 and a 200-day moving average of 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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