Synthomer Given “Buy” Rating at Canaccord Genuity (SYNT)
Synthomer (LON:SYNT)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity in a report issued on Wednesday, AR Network reports. They currently have a GBX 302 ($4.98) price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 13.36% from the stock’s previous close.
A number of other analysts have also recently weighed in on SYNT. Analysts at Barclays raised their price target on shares of Synthomer from GBX 268 ($4.42) to GBX 300 ($4.94) in a research note to investors on Thursday, January 23rd. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG downgraded shares of Synthomer to a “neutral” rating in a research note to investors on Friday, January 17th. They now have a GBX 280 ($4.61) price target on the stock, up previously from GBX 255 ($4.20). Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Synthomer in a research note to investors on Friday, January 10th. They now have a GBX 225 ($3.71) price target on the stock. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 261.64 ($4.31).
Shares of Synthomer (LON:SYNT) opened at 269.70 on Wednesday. Synthomer has a 1-year low of GBX 167.10 and a 1-year high of GBX 290.00. The stock’s 50-day moving average is GBX 247.7 and its 200-day moving average is GBX 230.9.
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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