Synthomer (SYNT) Given New GBX 575 Price Target at Canaccord Genuity

Synthomer (LON:SYNT) had its price target upped by Canaccord Genuity from GBX 525 ($7.02) to GBX 575 ($7.69) in a research note published on Friday. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the company. Berenberg Bank lifted their price objective on Synthomer from GBX 525 ($7.02) to GBX 570 ($7.62) and gave the stock a buy rating in a research note on Monday, November 6th. Peel Hunt reaffirmed a buy rating and issued a GBX 550 ($7.35) price objective on shares of Synthomer in a research note on Monday, November 6th. Deutsche Bank reaffirmed a buy rating and issued a GBX 550 ($7.35) price objective on shares of Synthomer in a research note on Friday, September 29th. JPMorgan Chase & Co. lifted their price objective on Synthomer from GBX 440 ($5.88) to GBX 475 ($6.35) and gave the stock a neutral rating in a research note on Tuesday, November 7th. Finally, Credit Suisse Group reaffirmed an underperform rating and issued a GBX 390 ($5.21) price objective on shares of Synthomer in a research note on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 489.23 ($6.54).

Synthomer (SYNT) opened at GBX 493.80 ($6.60) on Friday. The company has a market capitalization of $1,680.00 and a P/E ratio of 1,592.90. Synthomer has a 12 month low of GBX 370 ($4.95) and a 12 month 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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