Synthomer PLC Upgraded to Buy at Deutsche Bank (SYNT)
Synthomer PLC (LON:SYNT) was upgraded by stock analysts at Deutsche Bank to a “buy” rating in a report issued on Tuesday. The firm currently has a GBX 260 ($4.30) price objective on the stock, up from their previous price objective of GBX 225 ($3.72). Deutsche Bank’s price target indicates a potential upside of 11.64% from the company’s current price.
Synthomer PLC (LON:SYNT) traded up 1.98% during mid-day trading on Tuesday, hitting GBX 237.50. The stock had a trading volume of 147,688 shares. Synthomer PLC has a 1-year low of GBX 201.25 and a 1-year high of GBX 302.08. The stock has a 50-day moving average of GBX 272.9 and a 200-day moving average of GBX 255.1.
The company also recently announced a dividend, which is scheduled for Thursday, November 6th. Investors of record on Thursday, October 9th will be paid a dividend of GBX 3 ($0.05) per share. This represents a dividend yield of 1.31%. The ex-dividend date is Thursday, October 9th.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Synthomer PLC in a research note on Tuesday, August 12th. They now have a GBX 225 ($3.72) price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Synthomer PLC from GBX 338 ($5.59) to GBX 314 ($5.20) in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock. Finally, analysts at N+1 Singer reiterated a “hold” rating on shares of Synthomer PLC in a research note on Monday, August 11th. They now have a GBX 225 ($3.72) price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 262.20 ($4.34).
Synthomer PLC is a specialty chemical Company. It is a producer of aqueous polymers. It derives its revenues from the sale of polymer products derived from petrochemical monomers.
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