Synthomer PLC (SYNT) Given Average Recommendation of “Hold” by Brokerages
Synthomer PLC (LON:SYNT) has earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 471.18 ($6.12).
Several brokerages have recently weighed in on SYNT. Berenberg Bank reissued a “buy” rating and set a GBX 525 ($6.82) price objective on shares of Synthomer PLC in a report on Friday, August 11th. Barclays PLC reissued an “overweight” rating on shares of Synthomer PLC in a report on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and set a GBX 465 ($6.04) price objective on shares of Synthomer PLC in a report on Wednesday, August 9th. Numis Securities Ltd lifted their price objective on Synthomer PLC from GBX 460 ($5.97) to GBX 500 ($6.49) and gave the stock a “hold” rating in a report on Wednesday, August 9th. Finally, Deutsche Bank AG lifted their price objective on Synthomer PLC from GBX 525 ($6.82) to GBX 550 ($7.14) and gave the stock a “buy” rating in a report on Wednesday, August 9th.
In other Synthomer PLC news, insider Alexander G. Catto sold 950,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of GBX 497 ($6.45), for a total value of £4,721,500 ($6,129,430.09). Also, insider Calum MacLean acquired 3,424 shares of Synthomer PLC stock in a transaction on Thursday, July 6th. The stock was acquired at an average cost of GBX 497 ($6.45) per share, for a total transaction of £17,017.28 ($22,091.76).
ILLEGAL ACTIVITY NOTICE: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/18/synthomer-plc-synt-given-average-recommendation-of-hold-by-brokerages.html.
Shares of Synthomer PLC (SYNT) traded down 0.23% during trading on Friday, reaching GBX 473.40. The company had a trading volume of 232,598 shares. The firm’s market capitalization is GBX 1.61 billion. The stock has a 50 day moving average price of GBX 485.80 and a 200 day moving average price of GBX 480.03. Synthomer PLC has a 12 month low of GBX 339.60 and a 12 month high of GBX 516.37.
The firm also recently disclosed a dividend, which will be paid on Monday, November 6th. Shareholders of record on Thursday, October 5th will be paid a GBX 3.70 ($0.05) dividend. This represents a yield of 0.76%. The ex-dividend date of this dividend is Thursday, October 5th.
Synthomer PLC Company Profile
Synthomer Plc is a specialty chemical company. The Company supplies aqueous polymers in various markets, including paper, carpet and foam, construction and coating, functional polymers, health and protection, specialties and other. It operates in segments, including Europe and North America and Asia and Rest of World.
Receive News & Ratings for Synthomer PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synthomer PLC and related companies with MarketBeat.com's FREE daily email newsletter.