Synthomer (LON:SYNT) Cut to Hold at Peel Hunt

Peel Hunt cut shares of Synthomer (LON:SYNT) to a hold rating in a research report report published on Wednesday morning, Stock Target Advisor reports. They currently have GBX 360 ($4.74) price objective on the stock, down from their previous price objective of GBX 375 ($4.93).

A number of other analysts also recently issued reports on the company. UBS Group reiterated a neutral rating on shares of Synthomer in a research report on Tuesday, February 18th. Berenberg Bank reiterated a buy rating on shares of Synthomer in a research report on Tuesday, January 14th. Jefferies Financial Group began coverage on Synthomer in a research report on Monday, December 16th. They set a buy rating and a GBX 375 ($4.93) price target for the company. Deutsche Bank lifted their price target on Synthomer from GBX 340 ($4.47) to GBX 410 ($5.39) and gave the company a buy rating in a research report on Friday, December 20th. Finally, Canaccord Genuity dropped their price target on Synthomer from GBX 460 ($6.05) to GBX 450 ($5.92) and set a buy rating for the company in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 399.09 ($5.25).

SYNT stock opened at GBX 330 ($4.34) on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 77.42. The firm has a market capitalization of $1.40 billion and a PE ratio of 15.14. Synthomer has a twelve month low of GBX 208.02 ($2.74) and a twelve month high of GBX 397.29 ($5.23). The stock has a 50-day simple moving average of GBX 337.71 and a two-hundred day simple moving average of GBX 316.11.

Synthomer Company Profile

Synthomer plc operates as a specialty chemicals company in Europe, North America, Asia, and internationally. The company offers pressure-sensitive adhesives, acrylic polymers, acrylic dispersions, and other adhesives; latices for foamed bedding products and footwear; and binders for carpet applications.

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Analyst Recommendations for Synthomer (LON:SYNT)

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