Posted by admin on Aug 5th, 2022
Synthomer (LON:SYNT – Get Rating) had its price target cut by JPMorgan Chase & Co. from GBX 430 ($5.27) to GBX 350 ($4.29) in a note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 86.07% from the company’s current price.
Separately, Barclays reaffirmed an “equal weight” rating and issued a GBX 323 ($3.96) price target on shares of Synthomer in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 484.13 ($5.93).
LON SYNT opened at GBX 188.10 ($2.30) on Wednesday. The firm’s fifty day simple moving average is GBX 249.76 and its two-hundred day simple moving average is GBX 288.53. The company has a current ratio of 1.91, a quick ratio of 1.43 and a debt-to-equity ratio of 64.18. Synthomer has a 12-month low of GBX 183.70 ($2.25) and a 12-month high of GBX 570.50 ($6.99). The firm has a market capitalization of £879.06 million and a P/E ratio of 391.88.
In other Synthomer news, insider Michael Willome acquired 70,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of GBX 189 ($2.32) per share, with a total value of £132,300 ($162,112.49). In related news, insider Roberto Gualdoni acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average cost of GBX 214 ($2.62) per share, for a total transaction of £42,800 ($52,444.55). Also, insider Michael Willome bought 70,000 shares of Synthomer stock in a transaction on Thursday, August 4th. The shares were acquired at an average price of GBX 189 ($2.32) per share, for a total transaction of £132,300 ($162,112.49).
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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