Deutsche Bank Reaffirms “Buy” Rating for Synthomer (SYNT)

Deutsche Bank reaffirmed their buy rating on shares of Synthomer (LON:SYNT) in a research report report published on Thursday morning. Deutsche Bank currently has a GBX 565 ($7.55) price objective on the stock.

Several other analysts also recently weighed in on the company. Peel Hunt restated a buy rating and issued a GBX 550 ($7.35) price objective on shares of Synthomer in a report on Thursday. Berenberg Bank lifted their price objective on Synthomer from GBX 525 ($7.02) to GBX 570 ($7.62) and gave the company a buy rating in a report on Monday, November 6th. Credit Suisse Group restated an underperform rating and issued a GBX 390 ($5.21) price objective on shares of Synthomer in a report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Synthomer from GBX 440 ($5.88) to GBX 475 ($6.35) and gave the company a neutral rating in a report on Tuesday, November 7th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Synthomer has a consensus rating of Hold and an average price target of GBX 489.23 ($6.54).

Shares of Synthomer (LON SYNT) opened at GBX 494 ($6.61) on Thursday. The firm has a market capitalization of $1,680.00 and a PE ratio of 1,593.55. Synthomer has a fifty-two week low of GBX 370 ($4.95) and a fifty-two week high of GBX 516.37 ($6.90).

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About Synthomer

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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