Synthomer’s (SYNT) Buy Rating Reiterated at Peel Hunt

Peel Hunt reissued their buy rating on shares of Synthomer (LON:SYNT) in a report issued on Tuesday,Digital Look reports. The firm currently has a GBX 200 price objective on the stock.

Several other research analysts have also recently weighed in on SYNT. Jefferies Financial Group reiterated a “hold” rating and set a GBX 65 price objective on shares of Synthomer in a research report on Thursday, April 30th. Berenberg Bank upped their price target on shares of Synthomer from GBX 60 to GBX 100 and gave the company a “hold” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Synthomer currently has a consensus rating of “Hold” and an average target price of GBX 117.

Synthomer Trading Up 7.9%

Shares of LON:SYNT opened at GBX 117.60 on Tuesday. The stock has a market cap of £192.80 million, a PE ratio of -1.22, a P/E/G ratio of -0.17 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 1.57 and a debt-to-equity ratio of 90.86. Synthomer has a 12-month low of GBX 16.70 and a 12-month high of GBX 123.95. The business has a 50 day moving average of GBX 93.73 and a 200-day moving average of GBX 65.75.

Synthomer (LON:SYNT) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX (4.30) earnings per share for the quarter. Synthomer had a negative return on equity of 16.66% and a negative net margin of 9.03%. As a group, equities research analysts forecast that Synthomer will post 12.962963 earnings per share for the current year.

Synthomer Company Profile

Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide.

Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.