Berenberg Bank Downgrades Synthomer (LON:SYNT) to Hold

Synthomer (LON:SYNT) was downgraded by investment analysts at Berenberg Bank to a “hold” rating in a report released on Wednesday,Digital Look reports. They presently have a GBX 150 ($1.94) price objective on the stock, down from their prior price objective of GBX 230 ($2.98). Berenberg Bank’s price target indicates a potential upside of 31.12% from the company’s previous close.

Synthomer Trading Down 8.3 %

Shares of SYNT opened at GBX 114.40 ($1.48) on Wednesday. The firm has a market capitalization of £187.59 million, a price-to-earnings ratio of -2.29, a PEG ratio of -0.17 and a beta of 1.79. The company has a 50-day moving average of GBX 139.90 and a 200 day moving average of GBX 171.16. Synthomer has a 1-year low of GBX 114 ($1.48) and a 1-year high of GBX 338 ($4.38). The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97.

Synthomer (LON:SYNT) last issued its quarterly earnings data on Wednesday, March 12th. The company reported GBX (3.50) (($0.05)) earnings per share (EPS) for the quarter. Synthomer had a negative net margin of 4.40% and a negative return on equity of 7.52%. On average, research analysts expect that Synthomer will post 12.962963 EPS for the current year.

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.