Synthomer (LON:SYNT) PT Lowered to GBX 350

Synthomer (LON:SYNTGet Rating) had its target price cut by equities researchers at JPMorgan Chase & Co. from GBX 430 ($5.27) to GBX 350 ($4.29) in a research note issued on Wednesday, MarketBeat reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 86.07% from the company’s previous close.

Separately, Barclays reaffirmed an “equal weight” rating and issued a GBX 323 ($3.96) price objective on shares of Synthomer in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 484.13 ($5.93).

Synthomer Stock Performance

Synthomer stock opened at GBX 188.10 ($2.30) on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.91 and a debt-to-equity ratio of 64.18. The company has a market capitalization of £879.06 million and a P/E ratio of 391.88. The stock’s 50 day moving average is GBX 249.76 and its 200 day moving average is GBX 288.53. Synthomer has a twelve month low of GBX 183.70 ($2.25) and a twelve month high of GBX 570.50 ($6.99).

Insider Activity

In other news, insider Michael Willome purchased 70,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of GBX 189 ($2.32) per share, with a total value of £132,300 ($162,112.49). In other news, insider Michael Willome purchased 70,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of GBX 189 ($2.32) per share, with a total value of £132,300 ($162,112.49). Also, insider Roberto Gualdoni acquired 20,000 shares of Synthomer stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average price of GBX 214 ($2.62) per share, with a total value of £42,800 ($52,444.55).

About Synthomer

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Synthomer plc operates as a specialty chemicals company. It operates through four segments: Performance Elastomers, Functional Solutions, Industrial Specialities, and Acrylate Monomers. The company offers pressure sensitive adhesives, acrylic polymers, acrylic dispersions, saturants, release coatings, and other adhesives; water-based carboxylated styrene butadiene rubber, redispersible powder, flooring adhesive, and additives for construction applications; and impregnation binders, styrene butadiene copolymers, dispersions, polymer binders, and butadiene-based binders for textiles applications.

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Analyst Recommendations for Synthomer (LON:SYNT)

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