Berenberg Bank Forecasts Strong Price Appreciation for Synthomer (LON:SYNT) Stock

Key Points

• Berenberg Bank raised its price target on Synthomer from GBX 60 to GBX 100 while keeping a "hold" rating, implying roughly a 15.23% upside from the current share price.
• Synthomer reported a weak quarter with GBX (91.90) EPS, a negative ROE (16.66%) and net margin (-9.03%), and currently trades around GBX 86.78 with an analyst consensus of "Hold" and an average target of GBX 86.75.
• Insider Lily Liu purchased 29,192 shares at GBX 66, and insiders now own about 5.03% of the company.

Synthomer (LON:SYNT - Get Free Report) had its price objective boosted by investment analysts at Berenberg Bank from GBX 60 to GBX 100 in a note issued to investors on Wednesday,Digital Look reports. The firm presently has a "hold" rating on the stock. Berenberg Bank's price target indicates a potential upside of 15.23% from the stock's current price.

A number of other analysts have also recently commented on SYNT. Jefferies Financial Group reissued a "hold" rating and set a GBX 65 target price on shares of Synthomer in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Synthomer from GBX 96 to GBX 62 and set a "hold" rating for the company in a research note on Monday, February 2nd. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Synthomer has an average rating of "Hold" and an average target price of GBX 86.75.

Synthomer Trading Down 1.0%

Shares of Synthomer stock opened at GBX 86.78 on Wednesday. The firm has a 50-day simple moving average of GBX 35.11 and a two-hundred day simple moving average of GBX 47.46. The company has a market cap of £141.86 million, a P/E ratio of -0.90, a price-to-earnings-growth ratio of -0.17 and a beta of 0.74. Synthomer has a fifty-two week low of GBX 16.70 and a fifty-two week high of GBX 123.74. The company has a debt-to-equity ratio of 90.86, a quick ratio of 0.97 and a current ratio of 1.57.

Synthomer (LON:SYNT - Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported GBX (91.90) earnings per share for the quarter. The firm had revenue of GBX 173.92 billion during the quarter. Synthomer had a negative return on equity of 16.66% and a negative net margin of 9.03%. As a group, equities analysts predict that Synthomer will post 12.962963 earnings per share for the current fiscal year.

Insider Buying and Selling at Synthomer

In related news, insider Lily Liu acquired 29,192 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of GBX 66 per share, with a total value of £19,266.72. Insiders own 5.03% of the company's stock.

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.

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