Synthomer’s (SYNT) “Buy” Rating Reiterated at Numis Securities

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Numis Securities reissued their buy rating on shares of Synthomer (LON:SYNT) in a research note issued to investors on Monday. Numis Securities currently has a GBX 520 ($6.79) target price on the stock.

SYNT has been the topic of a number of other research reports. Peel Hunt reiterated a buy rating on shares of Synthomer in a report on Monday, November 5th. UBS Group reiterated a sell rating and issued a GBX 340 ($4.44) target price (down previously from GBX 370 ($4.83)) on shares of Synthomer in a report on Tuesday, January 22nd. Deutsche Bank reiterated a buy rating and issued a GBX 645 ($8.43) target price on shares of Synthomer in a report on Wednesday, November 7th. HSBC reiterated a buy rating on shares of Synthomer in a report on Tuesday, January 8th. Finally, Canaccord Genuity reiterated a buy rating and issued a GBX 530 ($6.93) target price on shares of Synthomer in a report on Monday. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Synthomer currently has a consensus rating of Buy and a consensus price target of GBX 488.40 ($6.38).

Shares of Synthomer stock opened at GBX 385.20 ($5.03) on Monday. Synthomer has a twelve month low of GBX 452.51 ($5.91) and a twelve month high of GBX 517.50 ($6.76).

The business also recently disclosed a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, June 6th will be paid a dividend of GBX 9.10 ($0.12) per share. This represents a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, June 6th. This is a boost from Synthomer’s previous dividend of $4.00.

In related news, insider Brendan Connolly acquired 1,000 shares of Synthomer stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of GBX 380 ($4.97) per share, for a total transaction of £3,800 ($4,965.37).

Synthomer Company Profile

Synthomer plc operates as a specialty chemical company in Europe, North America, Asia, and internationally. It offers adhesives for use in labels, graphics, specialty tapes, caulks and sealants, wet glues, protective films, packaging, and other applications; and high solid lattices for foamed footwear and bedding products.

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Analyst Recommendations for Synthomer (LON:SYNT)

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