Synthomer (LON:SYNT – Get 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).
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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