Synthomer plc (LON:SYNT – Get Free Report)’s stock price dropped 7.9% during mid-day trading on Monday . The company traded as low as GBX 112.40 and last traded at GBX 112.40. Approximately 714,217 shares were traded during trading, a decline of 57% from the average session volume of 1,665,155 shares. The stock had previously closed at GBX 122.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on SYNT shares. Berenberg Bank increased their target price on shares of Synthomer from GBX 100 to GBX 110 and gave the stock a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Synthomer from GBX 92 to GBX 100 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Peel Hunt reaffirmed a “buy” rating and set a GBX 200 price objective on shares of Synthomer in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 65 target price on shares of Synthomer in a report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 119.
Check Out Our Latest Research Report on Synthomer
Synthomer Stock Down 7.9%
Synthomer (LON:SYNT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported GBX (4.30) earnings per share (EPS) for the quarter. Synthomer had a negative return on equity of 13.27% and a negative net margin of 6.81%. Equities research analysts anticipate that Synthomer plc will post 12.962963 EPS for the current year.
About Synthomer
Synthomer plc is a leading supplier of high-performance, highly specialised polymers and ingredients that play vital roles in key sectors such as coatings, construction, adhesives, and health and protection – growing markets for customers who serve billions of end users worldwide.
Headquartered in London, UK and listed on the LSE since 1971, we employ c.3,800 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.
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