Berenberg Bank Cuts Synthomer (LON:SYNT) Price Target to GBX 230

Synthomer (LON:SYNT) had its target price cut by Berenberg Bank from GBX 265 ($3.32) to GBX 230 ($2.88) in a report issued on Monday morning,Digital Look reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group decreased their price objective on Synthomer from GBX 300 ($3.75) to GBX 275 ($3.44) and set a “buy” rating on the stock in a report on Friday, October 4th.

Synthomer Price Performance

Shares of LON:SYNT traded down GBX 11.40 ($0.14) on Monday, hitting GBX 140 ($1.75). The company’s stock had a trading volume of 973,343 shares, compared to its average volume of 427,960. Synthomer has a 1 year low of GBX 118 ($1.48) and a 1 year high of GBX 338 ($4.23). The company has a debt-to-equity ratio of 77.42, a current ratio of 1.90 and a quick ratio of 0.97. The company has a market capitalization of £229.00 million, a PE ratio of -229.51, a PEG ratio of -0.17 and a beta of 1.79. The company has a 50-day simple moving average of GBX 168.03 and a 200 day simple moving average of GBX 210.77.

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.