Synthomer PLC Price Target Raised to GBX 306 (SYNT)
Analysts at Numis Securities Ltd increased their target price on shares of Synthomer PLC (LON:SYNT) from GBX 300 ($4.96) to GBX 306 ($5.06) in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 28.03% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank upgraded shares of Synthomer PLC to a “buy” rating in a research note on Tuesday. They now have a GBX 260 ($4.30) price target on the stock, up previously from GBX 225 ($3.72). Separately, 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. 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 stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 262.80 ($4.35).
Synthomer PLC (LON:SYNT) opened at 238.81 on Thursday. Synthomer PLC has a 52 week low of GBX 201.25 and a 52 week 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. Shareholders 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.
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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