Synthomer PLC (LON:SYNT) PT Raised to GBX 500 at Numis Securities Ltd

Synthomer PLC (LON:SYNT) had its price target hoisted by Numis Securities Ltd from GBX 460 ($5.99) to GBX 500 ($6.51) in a research note published on Wednesday, Marketbeat reports. They currently have a hold rating on the stock.

Several other equities analysts have also recently weighed in on SYNT. J P Morgan Chase & Co reissued a neutral rating and set a GBX 368 ($4.79) price objective on shares of Synthomer PLC in a research report on Friday, April 28th. Deutsche Bank AG reissued a buy rating and set a GBX 525 ($6.84) price objective on shares of Synthomer PLC in a research report on Monday, July 3rd. Barclays PLC boosted their price objective on Synthomer PLC from GBX 495 ($6.45) to GBX 507 ($6.60) and gave the stock an overweight rating in a research report on Thursday, July 13th. Finally, Canaccord Genuity reissued a buy rating and set a GBX 500 ($6.51) price objective on shares of Synthomer PLC in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 467.69 ($6.09).

Shares of Synthomer PLC (LON:SYNT) opened at 473.50 on Wednesday. Synthomer PLC has a 12-month low of GBX 339.60 and a 12-month high of GBX 516.37. The firm’s 50-day moving average price is GBX 488.73 and its 200 day moving average price is GBX 478.86. The stock’s market capitalization is GBX 1.61 billion.

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The firm also recently disclosed a dividend, which will be paid on Monday, November 6th. Investors of record on Thursday, October 5th will be given a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date is Thursday, October 5th. This represents a dividend yield of 0.76%.

In other Synthomer PLC news, insider Alexander G. Catto sold 950,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of GBX 497 ($6.47), for a total value of £4,721,500 ($6,148,587.06). Also, insider Calum MacLean purchased 3,424 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was purchased at an average cost of GBX 497 ($6.47) per share, with a total value of £17,017.28 ($22,160.80).

Synthomer PLC Company Profile

Synthomer Plc is a specialty chemical company. The Company supplies aqueous polymers in various markets, including paper, carpet and foam, construction and coating, functional polymers, health and protection, specialties and other. It operates in segments, including Europe and North America and Asia and Rest of World.

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