Synthomer PLC’s (SYNT) “Overweight” Rating Reaffirmed at Barclays PLC

Barclays PLC restated their overweight rating on shares of Synthomer PLC (LON:SYNT) in a report issued on Friday morning. They currently have a GBX 495 ($6.11) price objective on the stock, up from their previous price objective of GBX 400 ($4.94).

A number of other equities analysts have also recently commented on SYNT. Jefferies Group LLC raised their target price on Synthomer PLC from GBX 450 ($5.56) to GBX 465 ($5.74) and gave the company a hold rating in a report on Thursday, March 9th. Berenberg Bank raised their target price on Synthomer PLC from GBX 505 ($6.24) to GBX 525 ($6.48) and gave the company a buy rating in a report on Monday, March 13th. Numis Securities Ltd restated a hold rating and set a GBX 460 ($5.68) target price on shares of Synthomer PLC in a report on Monday, March 6th. N+1 Singer restated a buy rating and set a GBX 430 ($5.31) target price on shares of Synthomer PLC in a report on Monday, March 6th. Finally, Deutsche Bank AG restated a buy rating and set a GBX 500 ($6.18) target price on shares of Synthomer PLC in a report on Monday, February 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 438.15 ($5.41).

Shares of Synthomer PLC (LON:SYNT) traded down 0.36% during midday trading on Friday, hitting GBX 468.10. The stock had a trading volume of 450,178 shares. The firm has a 50 day moving average price of GBX 450.89 and a 200 day moving average price of GBX 389.99. The stock’s market cap is GBX 1.59 billion. Synthomer PLC has a one year low of GBX 300.30 and a one year high of GBX 471.71.

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The firm also recently announced a dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 8th will be given a dividend of GBX 7.80 ($0.10) per share. This represents a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, June 8th. This is a positive change from Synthomer PLC’s previous dividend of $3.50.

Synthomer PLC Company Profile

Synthomer Plc is a United Kingdom-based specialty chemical company. The Company supplies lattices and specialty emulsion polymers for markets, including paper and board, constructions and coatings, health and protection, functional polymers, performance polymers, and carpet, compounds and foam. It operates in segments, including Europe and North America (ENA) and Asia and Rest of World (ARW).

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