Synthomer (SYNT) Given “Buy” Rating at Canaccord Genuity

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Canaccord Genuity reaffirmed their buy rating on shares of Synthomer (LON:SYNT) in a research report sent to investors on Monday. Canaccord Genuity currently has a GBX 575 ($7.51) target price on the stock.

A number of other brokerages have also issued reports on SYNT. Berenberg Bank raised their target price on shares of Synthomer from GBX 570 ($7.45) to GBX 600 ($7.84) and gave the stock a buy rating in a research report on Wednesday, August 8th. Peel Hunt restated a buy rating on shares of Synthomer in a research report on Thursday, September 13th. Deutsche Bank raised their target price on shares of Synthomer from GBX 640 ($8.36) to GBX 645 ($8.43) and gave the stock a buy rating in a research report on Tuesday, October 2nd. Numis Securities upgraded shares of Synthomer to an add rating in a research report on Tuesday, August 7th. Finally, UBS Group restated a sell rating on shares of Synthomer in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 536.11 ($7.01).

Shares of LON SYNT opened at GBX 430 ($5.62) on Monday. Synthomer has a 1 year low of GBX 452.51 ($5.91) and a 1 year high of GBX 517.50 ($6.76).

The company also recently announced a dividend, which will be paid on Tuesday, November 6th. Investors of record on Thursday, October 4th will be given a dividend of GBX 4 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a yield of 0.74%.

Synthomer Company Profile

Synthomer plc operates as a specialty chemical company in Europe, North America, Asia, and internationally. It offers adhesives for use in labels, graphics, specialty tapes, caulks and sealants, wet glues, protective films, packaging, and other applications; and high solid lattices for foamed footwear and bedding products.

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Analyst Recommendations for Synthomer (LON:SYNT)

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