Synthomer (LON:SYNT) Upgraded at JPMorgan Chase & Co.

Synthomer (LON:SYNT) was upgraded by JPMorgan Chase & Co. to a “neutral” rating in a report issued on Thursday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 300 ($3.95) price target on the stock, down from their prior price target of GBX 375 ($4.93). JPMorgan Chase & Co.‘s price objective suggests a potential downside of 2.79% from the company’s previous close.

A number of other research analysts have also recently commented on SYNT. Peel Hunt reduced their target price on shares of Synthomer from GBX 450 ($5.92) to GBX 435 ($5.72) and set a “buy” rating on the stock in a research report on Monday, September 16th. Peel Hunt reissued a “buy” rating and set a GBX 375 ($4.93) target price (down from GBX 435 ($5.72)) on shares of Synthomer in a research report on Friday, October 25th. UBS Group reissued a “neutral” rating and set a GBX 290 ($3.81) target price on shares of Synthomer in a research report on Monday, November 25th. Deutsche Bank reissued a “buy” rating and set a GBX 340 ($4.47) target price (down from GBX 375 ($4.93)) on shares of Synthomer in a research report on Monday, October 28th. Finally, Canaccord Genuity reduced their target price on shares of Synthomer from GBX 550 ($7.23) to GBX 525 ($6.91) and set a “buy” rating on the stock in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 411.82 ($5.42).

SYNT opened at GBX 308.60 ($4.06) on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 77.42. Synthomer has a 52-week low of GBX 260 ($3.42) and a 52-week high of GBX 397.29 ($5.23). The company has a 50 day moving average of GBX 297.76 and a two-hundred day moving average of GBX 324.74. The company has a market cap of $1.30 billion and a P/E ratio of 14.16.

About Synthomer

Synthomer plc operates as a specialty chemicals company in Europe, North America, Asia, and internationally. The company offers pressure-sensitive adhesives, acrylic polymers, acrylic dispersions, and other adhesives; latices for foamed bedding products and footwear; and binders for carpet applications.

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Analyst Recommendations for Synthomer (LON:SYNT)

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