Synthomer Rating Reiterated by Canaccord Genuity (SYNT)
Synthomer (LON:SYNT)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a research report issued to clients and investors on Friday, AmericanBankingNews.com reports. They currently have a GBX 302 ($4.95) price objective on the stock. Canaccord Genuity’s price objective suggests a potential upside of 13.70% from the company’s current price.
Synthomer (LON:SYNT) traded up 5.23% during mid-day trading on Friday, hitting GBX 279.50. 143,287 shares of the company’s stock traded hands. Synthomer has a 1-year low of GBX 167.10 and a 1-year high of GBX 271.40. The stock’s 50-day moving average is GBX 241.2 and its 200-day moving average is GBX 227.9.
A number of other firms have also recently commented on SYNT. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Synthomer in a research note to investors on Friday. They now have a GBX 225 ($3.69) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Synthomer in a research note to investors on Wednesday, November 20th. They now have a GBX 257 ($4.22) price target on the stock. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Synthomer has an average rating of “Hold” and an average target price of GBX 255.36 ($4.19).
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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