Deutsche Bank Aktiengesellschaft Cuts Synthomer (LON:SYNT) Price Target to GBX 62

Synthomer (LON:SYNT) had its target price cut by Deutsche Bank Aktiengesellschaft from GBX 96 to GBX 62 in a research report sent to investors on Monday, Marketbeat reports. They currently have a hold rating on the stock.

Separately, JPMorgan Chase & Co. dropped their price objective on Synthomer from GBX 200 to GBX 120 and set a “neutral” rating for the company in a research note on Friday, October 10th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 90.50.

Synthomer Price Performance

Shares of LON SYNT opened at GBX 55.61 on Monday. Synthomer has a 1-year low of GBX 45.40 and a 1-year high of GBX 157.60. The firm has a market capitalization of £90.90 million, a PE ratio of -1.09, a P/E/G ratio of -0.17 and a beta of 1.79. The company has a debt-to-equity ratio of 78.27, a current ratio of 1.90 and a quick ratio of 0.97. The business’s fifty day moving average price is GBX 59.83 and its two-hundred day moving average price is GBX 62.67.

Insider Buying and Selling at Synthomer

In other Synthomer news, insider Michael Willome acquired 63,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average price of GBX 49 per share, with a total value of £30,870. 5.03% of the stock is owned by corporate insiders.

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.3,900 employees across our five innovation centres of excellence and 29 manufacturing sites across Europe, North America, Middle East and Asia.