Berenberg Bank Issues Pessimistic Forecast for Synthomer (LON:SYNT) Stock Price

Synthomer (LON:SYNT) had its price target trimmed by Berenberg Bank from GBX 265 ($3.28) to GBX 230 ($2.84) in a research report report published on Monday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Separately, Canaccord Genuity Group decreased their target price on shares of Synthomer from GBX 300 ($3.71) to GBX 275 ($3.40) and set a “buy” rating for the company in a research report on Friday, October 4th.

Synthomer Stock Down 2.0 %

Shares of Synthomer stock opened at GBX 137.20 ($1.70) on Monday. The firm has a market cap of £224.42 million, a price-to-earnings ratio of -224.92, a P/E/G ratio of -0.17 and a beta of 1.79. The stock has a 50-day simple moving average of GBX 166.63 and a 200-day simple moving average of GBX 209.13. Synthomer has a 52-week low of GBX 118 ($1.46) and a 52-week high of GBX 338 ($4.18). The company has a debt-to-equity ratio of 77.42, a current ratio of 1.90 and a quick ratio of 0.97.

Synthomer Company Profile

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.