Synthomer PLC Earns “Buy” Rating from Canaccord Genuity (SYNT)
Synthomer PLC (LON:SYNT)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a GBX 283 ($4.70) price objective on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 21.72% from the stock’s previous close.
A number of other analysts have also recently weighed in on SYNT. Analysts at Numis Securities Ltd raised their price target on shares of Synthomer PLC from GBX 300 ($4.98) to GBX 306 ($5.08) in a research note on Thursday, August 28th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Synthomer PLC to a “buy” rating in a research note on Tuesday, August 26th. They now have a GBX 260 ($4.31) price target on the stock, up previously from GBX 225 ($3.73). Finally, 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 ($3.73) price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Synthomer PLC presently has a consensus rating of “Hold” and an average price target of GBX 262.80 ($4.36).
Shares of Synthomer PLC (LON:SYNT) opened at 231.40 on Wednesday. Synthomer PLC has a 52-week low of GBX 201.25 and a 52-week high of GBX 302.08. The stock’s 50-day moving average is GBX 272.9 and its 200-day moving average is GBX 255.1.
The company also recently announced a dividend, which is scheduled for Thursday, November 6th. Stockholders 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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