Synthomer plc (LON:SYNT – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 205.61 ($2.51) and traded as low as GBX 132.80 ($1.62). Synthomer shares last traded at GBX 133 ($1.62), with a volume of 203,049 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on SYNT. Canaccord Genuity Group reduced their price objective on shares of Synthomer from GBX 300 ($3.66) to GBX 275 ($3.36) and set a “buy” rating for the company in a research note on Friday, October 4th. Berenberg Bank cut their target price on shares of Synthomer from GBX 265 ($3.24) to GBX 230 ($2.81) and set a “buy” rating for the company in a research report on Monday, January 6th.
View Our Latest Stock Analysis on SYNT
Synthomer Stock Up 2.4 %
About Synthomer
Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.
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