Synthomer PLC (LON:SYNT)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 403.40 ($5.27) and last traded at GBX 405 ($5.29), with a volume of 1110307 shares. The stock had previously closed at GBX 415.20 ($5.43).
A number of equities analysts have recently commented on the stock. Berenberg Bank increased their price objective on shares of Synthomer from GBX 570 ($7.45) to GBX 600 ($7.84) and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Peel Hunt reissued a “buy” rating on shares of Synthomer in a report on Thursday, October 18th. Deutsche Bank increased their price target on shares of Synthomer from GBX 640 ($8.36) to GBX 645 ($8.43) and gave the company a “buy” rating in a report on Tuesday, October 2nd. UBS Group reiterated a “sell” rating on shares of Synthomer in a research report on Tuesday, November 6th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Synthomer in a research report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 541.88 ($7.08).
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About Synthomer (LON:SYNT)
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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