Synthomer (LON:SYNT) had its price target hoisted by analysts at Canaccord Genuity from GBX 525 ($7.02) to GBX 575 ($7.69) in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 16.40% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 565 ($7.55) price target on shares of Synthomer in a report on Thursday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 550 ($7.35) price target on shares of Synthomer in a report on Thursday. Berenberg Bank lifted their price target on Synthomer from GBX 525 ($7.02) to GBX 570 ($7.62) and gave the company a “buy” rating in a report on Monday, November 6th. JPMorgan Chase & Co. lifted their price target on Synthomer from GBX 440 ($5.88) to GBX 475 ($6.35) and gave the company a “neutral” rating in a report on Tuesday, November 7th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 390 ($5.21) price target on shares of Synthomer in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 489.23 ($6.54).

Synthomer (LON:SYNT) traded up GBX 2.20 ($0.03) during trading on Friday, hitting GBX 494 ($6.61). The company had a trading volume of 487,716 shares, compared to its average volume of 254,503. Synthomer has a fifty-two week low of GBX 370 ($4.95) and a fifty-two week high of GBX 516.37 ($6.90). The company has a market capitalization of $1,680.00 and a PE ratio of 1,593.55.

TRADEMARK VIOLATION WARNING: “Synthomer (SYNT) PT Raised to GBX 575” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://www.americanbankingnews.com/2018/01/05/synthomer-synt-pt-raised-to-gbx-575.html.

About Synthomer

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.

Analyst Recommendations for Synthomer (LON:SYNT)

Receive News & Ratings for Synthomer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synthomer and related companies with MarketBeat.com's FREE daily email newsletter.