Berenberg Bank Issues Pessimistic Forecast for Synthomer (LON:SYNT) Stock Price

Synthomer (LON:SYNT) had its price objective decreased by stock analysts at Berenberg Bank from GBX 265 ($3.31) to GBX 230 ($2.87) in a report released on Monday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 64.29% from the stock’s current price.

Separately, Canaccord Genuity Group cut their price objective on Synthomer from GBX 300 ($3.74) to GBX 275 ($3.43) and set a “buy” rating for the company in a report on Friday, October 4th.

Synthomer Stock Performance

LON SYNT opened at GBX 140 ($1.75) on Monday. The firm has a market cap of £229.00 million, a P/E ratio of -229.51, a price-to-earnings-growth ratio of -0.17 and a beta of 1.79. The company has a quick ratio of 0.97, a current ratio of 1.90 and a debt-to-equity ratio of 77.42. The company’s 50 day moving average is GBX 168.03 and its 200-day moving average is GBX 210.77. Synthomer has a 12-month low of GBX 118 ($1.47) and a 12-month high of GBX 338 ($4.22).

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.