Synthomer plc (LON:SYNT) Receives Average Recommendation of "Hold" from Analysts - MarketBeat

2022-08-20 09:53:23 By : Mr. Jacky LIU

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Shares of Synthomer plc (LON:SYNT - Get Rating) have been assigned a consensus rating of "Hold" from the six research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 445.50 ($5.38).

A number of analysts recently weighed in on SYNT shares. Berenberg Bank decreased their price objective on Synthomer from GBX 350 ($4.23) to GBX 275 ($3.32) and set a "hold" rating for the company in a report on Thursday, August 4th. Barclays reiterated an "equal weight" rating and set a GBX 323 ($3.90) price target on shares of Synthomer in a report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Synthomer from GBX 430 ($5.20) to GBX 350 ($4.23) and set a "neutral" rating for the company in a report on Wednesday, August 3rd.Insider Activity at Synthomer

In other news, insider Roberto Gualdoni bought 20,000 shares of the company's stock in a transaction on Tuesday, August 2nd. The shares were purchased at an average price of GBX 214 ($2.59) per share, with a total value of £42,800 ($51,715.80). In other news, insider Roberto Gualdoni bought 20,000 shares of the company's stock in a transaction on Tuesday, August 2nd. The shares were purchased at an average price of GBX 214 ($2.59) per share, with a total value of £42,800 ($51,715.80). Also, insider Lily Liu bought 2,000 shares of the company's stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of GBX 193 ($2.33) per share, for a total transaction of £3,860 ($4,664.09). In the last quarter, insiders have acquired 92,000 shares of company stock valued at $17,896,000. Synthomer Stock Up 0.8 %

Shares of LON:SYNT opened at GBX 205.80 ($2.49) on Friday. The company has a fifty day moving average of GBX 229.88 and a 200-day moving average of GBX 277.80. The company has a market capitalization of £961.78 million and a PE ratio of 1,083.16. The company has a debt-to-equity ratio of 114.88, a quick ratio of 0.97 and a current ratio of 1.60. Synthomer has a 52-week low of GBX 182.30 ($2.20) and a 52-week high of GBX 551 ($6.66). Synthomer Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 4th. Investors of record on Thursday, October 6th will be given a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, October 6th. This represents a yield of 1.7%. Synthomer's payout ratio is 157.89%. About Synthomer (Get Rating)

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.Featured StoriesInstitutional Support For TJX Companies May Cap GainsIf You Hate Speed Cameras, Then You’ll Like Verra Mobility Stock Is Sanofi A Buy, Despite Recent Stumbles? Starbucks Stock, Is Brand Loyalty Enough Reason to BuyBJ’s Wholesale Club Pops, Will Costco Be Next?

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