Synthomer (LON:SYNT) Earns Hold Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Synthomer (LON:SYNT) in a research note released on Wednesday, Digital Look reports. Jefferies Financial Group currently has a GBX 80 ($0.98) target price on the stock.

SYNT has been the subject of a number of other research reports. Barclays reiterated an equal weight rating and set a GBX 187 ($2.30) price target on shares of Synthomer in a research note on Friday, September 8th. Berenberg Bank upped their price objective on Synthomer from GBX 115 ($1.41) to GBX 400 ($4.91) and gave the company a buy rating in a research note on Thursday, October 5th. Finally, Canaccord Genuity Group reaffirmed an under review rating on shares of Synthomer in a research note on Monday, September 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Synthomer presently has a consensus rating of Moderate Buy and a consensus price target of GBX 237.83 ($2.92).

Synthomer Stock Up 3.6 %

Shares of LON:SYNT opened at GBX 186.20 ($2.29) on Wednesday. The stock has a market cap of £304.57 million, a P/E ratio of -74.48, a P/E/G ratio of -0.17 and a beta of 1.76. The firm has a fifty day moving average price of GBX 190.67 and a 200 day moving average price of GBX 121.30. The company has a debt-to-equity ratio of 112.82, a current ratio of 1.72 and a quick ratio of 0.97. Synthomer has a 1-year low of GBX 168 ($2.06) and a 1-year high of GBX 3,386 ($41.58).

Insider Buying and Selling at Synthomer

In other Synthomer news, insider Holly Van Deursen acquired 10,000 shares of the stock in a transaction on Friday, October 20th. The shares were bought at an average price of GBX 185 ($2.27) per share, with a total value of £18,500 ($22,718.90). In other Synthomer news, insider Alexander G. Catto sold 89,977 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of GBX 19 ($0.23), for a total value of £17,095.63 ($20,994.27). Also, insider Holly Van Deursen bought 10,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was bought at an average cost of GBX 185 ($2.27) per share, with a total value of £18,500 ($22,718.90). 27.81% of the stock is owned by corporate insiders.

Synthomer Company Profile

Synthomer plc operates as a specialty chemicals company in the United Kingdom and internationally. It operates through five segments: Performance Elastomers, Functional Solutions, Industrial Specialities, Acrylate Monomers, and Adhesive Technologies. The company offers adhesives, including PSA labels, packaging and specialty tapes, saturants, release coatings, wood working, wet glues, hygiene and contact adhesives, packaging and assembly hot melt adhesives; coatings products such as architectural, masonry, intumescent, metal, wood, soil releases, blinders, ink receptive, polyester for powder coatings, SYNTHOMER NX for coalescing agents, and SYNOLOX BEPF for glycol.