Synthomer (LON:SYNT) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Key Points

• Berenberg Bank raised Synthomer’s price target from GBX 100 to GBX 110 while maintaining a “hold” rating, implying 5.5% downside from the current share price.
• Analyst sentiment remains cautious: Synthomer has a consensus “hold” rating and an average target price of GBX 119, with one “buy” rating and four “hold” ratings.
• Synthomer shares opened at GBX 116.40, near their 52-week high, while the company continues to report weak profitability, including quarterly EPS of negative GBX 4.30 and a negative net margin.

Synthomer (LON:SYNT - Get Free Report) had its target price increased by investment analysts at Berenberg Bank from GBX 100 to GBX 110 in a report released on Friday,London Stock Exchange reports. The brokerage currently has a "hold" rating on the stock. Berenberg Bank's price target suggests a potential downside of 5.50% from the company's current price.

Several other research firms have also recently issued reports on SYNT. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 65 price objective on shares of Synthomer in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Synthomer from GBX 92 to GBX 100 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Peel Hunt reaffirmed a "buy" rating and issued a GBX 200 price target on shares of Synthomer in a report on Tuesday. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of GBX 119.

Synthomer Trading Down 1.0%

Shares of LON:SYNT opened at GBX 116.40 on Friday. Synthomer has a 52 week low of GBX 16.70 and a 52 week high of GBX 123.95. The company's 50 day moving average is GBX 93.73 and its two-hundred day moving average is GBX 65.75. The company has a current ratio of 1.57, a quick ratio of 0.97 and a debt-to-equity ratio of 90.86. The company has a market cap of £190.83 million, a PE ratio of -1.21, a P/E/G ratio of -0.17 and a beta of 1.03.

Synthomer (LON:SYNT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported GBX (4.30) earnings per share (EPS) for the quarter. Synthomer had a negative return on equity of 16.66% and a negative net margin of 9.03%. Equities analysts predict that Synthomer will post 12.962963 earnings per share for the current fiscal 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.

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